New Electricity Trading Arrangements

New Electricity Trading Arrangements (NETA) is the system of market trading arrangements under which electricity is traded in the United Kingdom's wholesale electricity market as of 27 March 2001.^[1][2] The arrangements provided that parties could trade off their imbalances close to real time.^{[citation needed]}

BETTA

As of April 2005, NETA changed its name to the British Electricity Trading Transmission Arrangements, and expanding to become the single Great Britain electricity market of England, Wales and Scotland.^[3]

See also

• Electricity billing in the UK
• National Grid (UK)
• Grid Trade Master Agreement

References

1. The review of the first year of NETA. A review document: Volume 1. Ofgem. July 2002
2. The new electricity trading arrangements in England and Wales - Second Report of Session 2003–04. House of Commons Committee of Public Accounts, 16 December 2003
3. Ofgem archive on BETTA

External links

• neta - Electricity Summary Page (live NETA information), ELEXON Limited