
Five Minute Settlement
Oct 2020 – Sep 2021
- In November 2017, the AEMC made a final ruling to change the settlement period for the electricity spot price from 30-minutes to five-minutes.
- AEMO, through its 5MS Program and in consultation with industry, was tasked with implementing the system and procedural changes required to perform five-minute settlement, as well as managing and monitoring industry readiness.
- On 1 October 2021, the AEMC’s rule came into effect and the NEM commenced operating in five-minute mode.
