Please see the New Participant Registration page.
NEPOOL is the New England Power Pool, a voluntary association of market participants from the six New England states, organized under and governed by the Second Restated NEPOOL Agreement. The NEPOOL website provides additional information. NEPOOL members’ representatives form the Participants Committee (PC)—the primary stakeholder advisory body to ISO New England. Through the PC, NEPOOL helps ensure a collaborative process in the administration of New England's wholesale electricity markets and power system.
For voting purposes, NEPOOL participants are divided into various industry sectors: the Generation Sector, the Transmission Sector, the Supplier Sector, the Alternative Resources Sector, the Publicly Owned Entity Sector, and the End User Sector. Members select their sector during the application process; sector designations are finalized by NEPOOL at the Membership Subcommittee meeting when the application is reviewed.
An individual participant (see above) is appointed to membership of a sector for determining its annual fees and its share of the participant expenses. However, individual participants cannot vote in a sector.
The application fees are as follows:
All market 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 (see below). Annual fees are as follows:
The annual fee is calculated and collected, as follows:
Participant expenses are those costs and expenses incurred pursuant to the authorization of the Participants Committee. They cover the budgetary needs of the PC’s committees, subcommittees, task forces, and working groups (such as for procuring facilities, materials, supplies, counsel, etc.) in support of matters associated with the rights and obligations detailed in the Second Restated NEPOOL Agreement and the Participants Agreement. These expenses are not considered costs and expenses of ISO New England. Participant expenses are allocated by sector (see above) in accordance with the agreements.
Each year, NEPOOL counsel submits the budget to the Participants Committee for approval. The budget is included in the December meeting materials for the Participants Committee.
The ISO cannot forecast market activity fees. Each ISO participant determines its own market activities and associated costs.
An applicant must provide the ISO with its initial financial assurance before the final financial review and approval (no less than five business days before the activation date). The Market and Credit Risk Department is allowed up to three weeks to complete the financial review per the ISO New England Financial Assurance Policy, Section II A. 4. B.
You may use the initial financial assurance spreadsheet on the Financial Assurance and Credit webpage to estimate your required financial assurance; however, the ISO cannot determine your actual requirement until the credit review is completed.
No, you can submit the Forward Capacity Market Nonmarket Participant Registration Request Form to gain access to the Forward Capacity Tracking System (FCTS) for submitting a show of interest. Please refer to Market Rule 1, Section III.13.1 for information on market participant status deadlines.
Your Participant ID number is located in the CAMS application, or you may utilize the Participant Directory.
On average, the registration process takes about three months. Please refer to the deadlines highlighted in Step 2 of the New Participant Registration Page.
Please note, these deadlines are not flexible.
Collateral is held for a minimum of 150 days after termination. Details regarding this requirement are documented in the Financial Assurance Policy, Exhibit IA Section III.
No, each ISO New England information and support analyst is trained on all subject matter, and any one of us will gladly assist you.
ISO-only members still incur monthly participant expenses without the ability to vote at NEPOOL meetings.
New Customer Registration Instructions can be found on our website.
Each sector is defined in the Restated NEPOOL Agreement. The sector on the credit application should match what was chosen on the NEPOOL Membership application.
Your answers will depend on the type of activity you’ll be conducting within the ISO. For example if you are a supplier you’ll want to calculate the total load obligation that you have in real time. If you also plan to trade in the market an estimate of the MWs you anticipate trading needs to be included.
A trade reference or someone you do business with can also be used.
A credit application and its documentation will remain valid for up to six months after the date of submission. After six months a new credit application and required documents must be resubmitted.
The Initial Financial Assurance requirement is an estimate of future obligations. This is required to help keep your account, when it becomes effective, in compliance with the Financial Assurance Policy.
There may be times when you are unable to supply day-ahead committed resources in real-time which would result in settlement obligations. The Initial Financial Assurance requirement is, in part, to cover for this default risk.
Initial FA must be posted at least FIVE (5) business days prior to the effective date of the membership.
For all applicants previously terminated either voluntarily or involuntarily Initial FA must be posted and maintained for six months.
No. As Governance only participants neither financial statements nor Initial FA is required for the application process to be completed.
While Provisional-Only applicants do not have Initial FA requirements they do have to post $2,500 into a BlackRock account for yearly membership fees. In addition, a Standing Order form must be filled out for purposes of bill payment. This form must be sent to the billing department at email@example.com.
Financial Assurance may be posted as one of the various forms outlined in the Financial Assurance Policy Exhibit IA Section X.
Maybe. Obligations may vary throughout the 3 or 6 months that Initial FA is required and as such will need to be covered posting additional FA.
Every customer can access their Financial Assurance requirements by logging into the Financial Assurance Management system (FAM). To obtain access to FAM, please contact your security administrator or ISO’s Customer Service at firstname.lastname@example.org.