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
In a broad sense, an electricity market is a system that facilitates the exchange of electricity-related goods and services. During more than a century of evolution of the electric power industry, the economics of the electricity markets had un ...
as of 27 March 2001. The arrangements provided that parties could trade off their
imbalances close to real time.
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.
Ofgem archive on BETTA
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See also
* Electricity billing in the UK
In the United Kingdom, an electricity supplier is a retailer of electricity. For each supply point the supplier has to pay the various costs of transmission, distribution, meter operation, data collection, tax etc. The supplier then adds in ener ...
* National Grid (UK)
In the electricity sector in the United Kingdom, the National Grid is the high-voltage electric power transmission network serving Great Britain, connecting power stations and major substations and ensuring that electricity generated anywhere ...
* Grid Trade Master Agreement
References
External links
neta - Electricity Summary Page (live NETA information)
ELEXON Limited
Former nationalised industries of the United Kingdom
Electric power in the United Kingdom
Electricity supply industry
The electric power industry covers the generation, transmission, distribution and sale of electric power to the general public and industry. The commodity sold is actually energy, not power, e.g. consumers pay for kilowatt-hours, power multip ...
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