A-C | D-E | F-I | L-N| O-Q | R | S-Z | Acronyms
Listing - When a participant notifies ISO New England that a qualified ICAP resource is available for selection or dispatch.
LMP Calculator - The software tool used to calculate locational marginal prices.
Load - The demand for electricity measured in megawatts. (Same as demand.)
Load Shifting - The shifting of capacity requirements from one supplier to another which happens when customers choose different suppliers.
Load Zone - An aggregation of nodes within a specific area. ISO New England load zone boundaries are currently equal to New England reliability regions.
Location - A node, external node, load zone, or hub.
Locational Marginal Price (LMP) - The calculated price of electric energy at a node, load zone, reliability region, and the hub.
Marginal Loss Component - The component of the nodal price that reflects the marginal loss at a node.
Market Participant - An entity in the New England wholesale energy markets that has executed a Market Participant Service Agreement or on whose behalf an unexecuted Market Participant Service Agreement has been filed with the Federal Energy Regulatory Commission.
Merit Order - The order that ISO New England designates generators to operate based on the lowest to highest cleared offers, until the demand for electric energy is met.
Metering Domain - A collection of nodes associated with and that balances generator, load, and tie-line assets.
Network Model - The computer-based representation of physical transmission system assets used by ISO New England Operations.
Nodal Price - The price for electric energy received or furnished at a node within any given hour.
Node (or Nodal) - A point on the transmission system for which nodal prices are calculated.
No-Load Cost - The amount, in dollars per hour, that participants with an ownership share in a generating unit scheduled in the New England wholesale energy market must be paid. The no-load cost amount is an additional payment to the start-up fee and price offered to supply electric energy for each hour.
Noncoincident Peak Load - The sum of contributor peak loads (MW) that occurred on different days and hours.
NX-12 and/or NX-12E - Forms submitted to ISO New England that identify technical data associated with assets. Refer to Operating Procedure 14.
