Title: NETA: The New Quest for Flexibility
URL(s):
http://www20.cera.com/eprofile?u=35&m=2478

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ENGLAND AND WALES: NEW ELECTRICITY TRADING ARRANGEMENTS HAVE STEEP LEARNING CURVE

On March 27, 2001, England and Wales New Electricity Trading Arrangements went
live along with a new balancing mechanism, which rewards flexible generation
and penalizes unpredictable load. This means:

* margins at risk for suppliers and renewable generators

* renewed interest for gas to power arbitrage yet limited due to contractual
and operational constraints

* enhanced value for flexible interconnectors and pumped storage units


**end**

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E-mail Category: Insight
CERA Knowledge Area(s): European Power

CERA's Spring 2001 Roundtable event dates and agendas are now available
at http://www20.cera.com/event

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