Access documents related to the Energy Market Pricing Enhancements project.
The ISO is evaluating changes to pricing calculations in the Real-Time Energy Market to better reflect the costs of dispatching resources in certain situations, including:
Sound pricing is central to the success and efficiency of New England’s competitive wholesale electricity markets. Efficient real-time pricing motivates cost-effective investments and compensates investments—at the right times, in the right amounts, and in the right locations—for delivering the energy consumers demand and for the ancillary services that assure its reliability. These outcomes are enhanced when market prices transparently signal the costs of operating the power system.
Along with this project, the ISO has undertaken several other efforts to improve price formation—most notably, the Energy Market Offer Flexibility Key Project and Subhourly Real-Time Settlement Key Project. To learn about planned future efforts, read “Energy Pricing Enhancements: A Roadmap.” Training materials related to the project are available on the Training Materials webpage.
The Energy Market Pricing Enhancements project is just one of several key projects at the ISO, which continuously undertakes a variety of short- and long-term projects to enhance the region’s competitive wholesale electricity markets and ensure reliable operation of the power grid