Oct. 17, 2000 (IndustrySuppliers.com)à‚–The earlier decision taken by the UK government to reorganise the wholesale power market and launch the New Electricity Trading Arrangements (NETA) system before the onset of winter is likely to be delayed.
The system is expected to start operation not before 30 Jan 2001. The delay is due to the malfunctioning of computers.
The system hopes to cut down energy bills during the period of peak demand. The Electricity Pool, initiated for the shake-up of the wholesale electricity market, was found to be easily controlled by major generators, leading to price hikes.
NETA, a highly complex system designed by software firm Logica aims to reduce domestic bills by 10% though some experts are of the opinion that it could lead to raised power prices.
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