Entries in inter-regional energy transactions (3)

Tuesday
Dec292015

Two major ISO-NE projects go live: Coordinated Transaction Scheduling (CTS) and Generation Control Application (GCA)

As 2015 draws to a close, ISO New England has completed the implementation of two capital projects that improve scheduling of wholesale electricity sales between neighboring regions and enhance the commitment and dispatch of fast-start generators, thereby helping to reduce wholesale costs in both regions. The Coordinated Transaction Scheduling (CTS) Project went live December 15 (see the press release), while the Generation Control Application (GCA) Project, a prerequisite for CTS, went live November 10.

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Thursday
Dec172015

New York ISO and ISO New England streamline energy exchange between regions 

Coordinated Transaction Scheduling Expected to Reduce Wholesale Electricity Costs

The New York Independent System Operator (NYISO) and ISO New England have implemented a new interregional market system that will streamline electric energy transactions and improve the flow of power between the two markets.  Introduced on December 15, Coordinated Transaction Scheduling (CTS) makes more efficient use of the transmission lines by enabling market participants to access the lowest-cost source of power between the two regions.

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Monday
Apr232012

ISO-NE, NYISO to implement Coordinated Transaction Scheduling

Efficiency Gains Expected to Reduce Wholesale Electricity Costs

Last week the Federal Energy Regulatory Commission (FERC) approved tariff revisions that will improve scheduling of wholesale electricity sales between ISO New England and the New York Independent System Operator and reduce costs for consumers in both regions. Coordinated Transaction Scheduling (CTS) will increase the frequency of scheduling energy transactions, making more efficient use of the transmission lines connecting the regions; enable the two ISOs to coordinate selection of the most economic transactions; and remove several fees that may impede efficient trade between regions. These changes have the potential to save millions of dollars annually and will improve the ability of market participants to access the lowest-cost source of power within the two regions.

Read the press release.