4 ms·
Not sure what you're referring to? As far as I can tell the national grid operates on a 30 minute settlement period. > For each half hour, known as a Settlemen
by Diggsey 4y ago
Not sure what you're referring to? As far as I can tell the national grid operates on a 30 minute settlement period.
> For each half hour, known as a Settlement Period, companies can trade up to 1 hour beforehand that time period is closed.
If you're referring to the consumer energy price cap, then that's not even relevant to this discussion, since the price cap applies to households, not commercial charging stations...
- madaxe_again 4y agoNo, this refers to what and how they are permitted to trade, and how the wholesale market is regulated - the rules are baroque in the extreme, and were last reviewed 20 years ago. The intent was good - it was supposed to ensure stability and certainty of supply, and by using the highest price for the cheapest source (gas, at the time) they guaranteed a stable price and supply of energy. It was also intended to prevent arbitrage and profiteering. The outcome is still somewhat true - except the price is sky-high, and stably sky-high for at least the next few Qs.