New Electricity Trading Arrangements (NETA) is the system of market trading arrangements under which electricity is traded in the United Kingdom's wholesaleelectricity market as of 27 March 2001.[1][2] The arrangements provided that parties could trade off theirimbalances close to real time.[citation needed]
On 27 October 2003, 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.[3]
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