ISO Energy
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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.