Insider 31: Reducing Artificial Price Volatility in the NEM

In engineering, designing to reduce or eliminate discontinuities and resulting shocks is good practice, delivering more robust and reliable operation as well as greater efficiency.

In this article IES CEO, Hugh Bannister, argues that this ought to be a design goal for NEM market machinery.  He considers two elements of the NEM market machinery that could be improved for smoother operation and lower ancillary service costs.  The changes required are not large, and could be built into the re-design of systems for 5 minute settlement.

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