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.

Joint New York ISO-ISO New England white paper explores ways to improve dispatch of least-cost power between regions

The New York ISO and ISO New England recently published a joint white paper, "Inter-regional Interchange Scheduling: Analysis and Options.”
The paper examines the efficiency of the existing protocols for scheduling energy transactions between the two regions, reviews options to improve efficiency and lower production and consumer costs, and makes a recommendation for improving market performance in both regions.

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