ISO-ENERGY

Independent operators of US electric networks.

Definition

Each ISO runs Day-Ahead, Real-Time, Capacity, Ancillary markets with Bids/Offers submissions in XML/JSON via dedicated portals (CAISO SIBR, PJM eMKT, ERCOT MIS). FERC-regulated ; ERCOT regulated by Texas PUC (intra-state).

Origin

Emerged after FERC Order 888 (1996) and Order 2000 (1999).

Example in context

A generator pushes a Day-Ahead Offer XML on CAISO SIBR at 10AM PT for D+1.

Related terms

• NAESB WEQ — standards used.