The short-term trading market (STTM) uses bids, offers, and forecasts to determine a timetable for deliveries from pipeline transmission users and the hubs. The market will set daily market prices and will settle each hub based on the delivery schedules.

AEMO Managing Director and Chief Executive Officer Matt Zema said that it will introduce transparency of terms, prices and quantities.

“It is timely that the market is being introduced, at a time when new gas sources are entering the market, supporting the increased efficiency which the market offers,” Mr Zema said.

The launch of the spot market comes…