A market asset is represented by a revenue quality meter (RQM) which reports on a consistent and continual basis that allows for wholesale energy, ancillary services, and forward capacity settlement and has a unique identifier provided by ISO New England. There are three types of market assets:
Companies who want to participate in the ISO-administered markets must register their assets with ISO New England for settlement and other market-related purposes. If you are new to the market, you must complete ISO participant registration before following the instructions below. All steps must be completed by the person designated as the representative of the Lead Market Participant of the asset.
Formal descriptions of each asset type are provided in Section I of the ISO Tariff.
All modeled assets are visible and controllable by the ISO control room through the asset's Designated Entity dispatch location.
A Modeled Generator (Modeled Gen) is one or more generating units at a single location that is fully visible and controllable by the ISO’s control room. A Modeled Generator bids into the Day-Ahead and/or Real-Time Energy Markets, contributes to price formation, and therefore dispatched based on price.
Interconnection rights depend on how many MWs the facility is allowed to push out to the grid, or the ways in which the facility has contracted to interact with the grid. If you don’t know what the facility interconnection rights are, or if the facility is FERC jurisdictional, work with the facility’s utility or consult with the ISO Planning department.
A Continuous Storage Facility (CSF) is an energy storage generator facility that can move continuously and nearly instantaneously between charging and discharging in continuous range of generation and consumption. The asset registration enables simultaneous participation in energy, reserves, and regulation markets.
An Alternative Technology Regulation Resource (ATRR) is one or more facilities capable of participating in the Regulation Market.
An Asset Related Demand (ARD) is a power-consuming asset that settles in the market at the electrically closest network node. It can be an aggregation or a single facility and can be registered to be dispatchable (DARD) based on price.
A Settlement Only Generator (SOG) is a generator facility with a maximum net output of less than 5 MW, has an interconnection voltage less than 115 kV, settles for energy and/or capacity only, and is not visible or controllable by the ISO’s Control Room. Settlement Only Generators do not make bids into eMarket.
A Load Asset represents a certain amount of electricity consumption from the wholesale electricity grid, measured in MWs and settles at the zonal price. It may be an aggregation of load or load from a single facility.
A Tie-Line asset is metered power flow between two Metering Domains that does not settle in the markets. It can be an aggregation of meters or a single tie meter. A Metering Domain is the electrical territory of a distribution or Transmission Company that must balance generation, load, and tie flow.
A Demand Response Asset is a facility comprising the demand reduction capability of an individual end-use customer at a Retail Delivery Point or the aggregated demand reduction capability of multiple end-use customers from multiple delivery points.
Note: A Load Asset registered with the ISO may be recognized as a Generation Information System (GIS) Load Asset and subject to the costs associated with administering NEPOOL GIS. GIS settlement information, including the GIS Allocation of Costs, GIS Annual Exemption Process instructions, and GIS Exemption Request form, is available on the ISO website.
Modeled Generator Assets are the only asset type in CAMS with associated contacts. To change any of the contacts listed below, a person designated in CAMS as a representative of the generator asset’s Lead Participant should submit the request via Ask ISO.