Glossary & Acronyms

A-C | D-E | F-I | L-N| O-Q | R | S-Z | Acronyms

Offer - A request to provide generation, measured in megawatts, at a specific location.

One day in 10 years or "1 in 10" - The probability of disconnecting firm load due to a resource deficiency no more than one day in 10 years. Details are contained in Manual 20, Section 1.3.

Operating Day - The calendar day, beginning at midnight and ending at 2400 hours, for which transactions in the ISO New England markets are scheduled.

Ownership Share - For settlement purposes, a right or obligation for a percentage share of all credits or charges associated with a generating resource at a node where the resource is interconnected to the New England transmission system.

Price of Electric Energy - The cost to serve the next megawatt of demand.

Price Quantity Pairs - Price-sensitive bid-block information that consists of a quantity of megawatts and the available dollar price for the megawatts.

Pricing Node (Pnode) - A location where ISO New England calculates and publishes prices for electric energy.



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