NEW ELECTRICITY TRADING ARRANGEMENTS. Neta is a system of bilateral trading between generators, suppliers and consumers on the UK market with the aim of reducing wholesale electricity prices. Neta was originally scheduled to be introduced in November 2000, but has been delayed until at least March 2001 due to problems with system testing. It replaces the England and Wales Electricity Pool.
New Electricity Trading Arrangements. New Electricity Trading Arrangements - in England and Wales these arrangements replaced 'the pool' from 27 March 2001. The arrangements are based on bi-lateral trading between generators, suppliers, traders and customers and are designed to be more efficient, and to provide greater choice for market participants.
New Electricity Trading Arrangements. Introduced in March 2001 with the intention of simplifying electricity trading and reducing fuel bills. A clear explanation of how NETA was designed to work can be found here.
the New Electricity Trading Arrangements introduced in March 2001 for England and Wales, and governed by the Balancing and Settlement Code (see BSC). Now superseded by BETTA.