NEPOOL is the New England Power Pool, the voluntary unincorporated association organized under and governed by the Second Restated NEPOOL Agreement, and the Entities collectively participating in the New England Power Pool as Participants. Please visit the NEPOOL website for additional information.
ISO New England is the Regional Transmission Operator in the New England Control Area. As the Power Balancing agency ISO New England is responsible to ensure the day-to-day reliable operation of New England's bulk power generation and transmission system, to oversee and ensure the fair administration of the region's wholesale electricity markets, and to manage comprehensive, regional planning processes.
The process to become a Market Participant can be found on the Registration Information page.
A NEPOOL Participant is an eligible entity that meets all requirements for participation in NEPOOL in accordance to the Second Restated NEPOOL agreement. Such entity will execute this agreement and will be entitled a voting share in NEPOOL stakeholder process.
An Individual Participant is an Entity that meets the requirements for participation in NEPOOL but does not wish to become a NEPOOL Participant. Such entity may become an Individual Participant by means of executing a Participant Agreement. While Individual Participants may attend and participate in all NEPOOL meetings, they have no right to vote with the exception on amendments to the Participant Agreement.
Individual Participants are appointed to be a member of a Sector for purpose of determining its annual fees and share of the Participant Expenses.
1. Membership Application Fee:
- Generation: $5,000
- Generation-Provisional Member Group Seat: $ 1,000
- Transmission: $5,000
- Transmission Provisional Member Group Seat: $1,000
- Supplier: $5,000
- Publicly Owned Entities: $5,000
- Alternative Resources - 5MW and above: $5,000
- Alternative Resource - Less than 5MW: $1,000
- Data Only Customer: $500
- All End Users (Market Participant & Governance Only): $500
- DRP Only $500
- FTR Only $5,000
For additional detail, please review Second Restated NEPOOL Agreement Section 3.1 (c) [PDF]
2. Annual Fees:
Participants incur an annual membership fee on January 1 of each year and can expect that amount to be invoiced in an early February Invoice. Annual fees paid reduce overall Participant Expenses.
- Generation- $5,000
- Transmission- $5,000
- Supplier: $5,000
- Publicly Owned Entities, annual Energy sales of less than 30,000 MWh in the preceding year - $500
- Publicly Owned Entities, annual Energy sales of 30,000 MWh or more - $5,000 plus pro rata share of remaining $4,500 not paid by POEs with annual Energy sales of less than 30,000 MWh
- Alternative Resources 5MW or more: $5,000
- Alternative Resource- Less than 5MW: $1,000
- Provisional Member: $1,000
- Data Only Customer: $1,500
- All End User: $500 plus an additional fee of $500 per megawatt hour of its highest hourly load during any hour in the preceding year up to a maximum of $5,000; plus an additional fee of $200 per megawatt hour for each megawatt hour by which its highest Energy use during any hour in the preceding year exceeded 20 megawatt hours.
- End User Governance Only: $500
- End User Governance Only whose Related Person is a Market Participant End User: $0
- DRP Only $500
For additional detail, please review Second Restated NEPOOL Agreement Section 14.1
3. Participant Expenses:
Participant Expenses are those costs and expenses that are incurred pursuant to authorization of the Participants Committee and are not considered costs and expenses of ISO New England. Participant Expenses are allocated by sector in accordance to the Second Restated NEPOOL Agreement Section 14.2.
4. Market Activity Fees:
Market Activity Fees cannot be forecasted by the ISO. Each Market Participant/applicant would determine its market activities and related cost.
Each year NEPOOL Counsel submits the budget to the Participant Committee for approval. You may find the Budget within the Participants Committee December's Meeting Materials.
Initial Financial Assurance must be provided to the ISO at least five (5) Business Days before the new entity begins activity in the New England Markets.
You may use the Initial Financial Assurance spreadsheet on our New Application Documents page to estimate your required Financial Assurance; however, the actual requirement cannot be determined until the Credit Review is completed.