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.