The Caithness Business Index has posted the following article:

System Price Of Electricity

The System Price of electricity, made available by Elexon, is used to settle the difference between contracted generation or consumption of electricity, and actual generation or consumption, in each half-hour trading period in the Balancing Market, the mechanism used to balance supply and demand in Great Britain's electricity market. Companies are contracted to generate or consume a certain amount of electricity within each half hour (known as the Settlement Period). [Read Full Article]