Entries in locational marginal price (5)


Simplify, simplify, simplify: Here’s a quicker way to select locations when downloading pricing data from ISO Express

ISO New England is continuously updating its website to increase ease of use for stakeholders. Based on market participant feedback, we have updated our selectable reports so that a user can now simply type in the location number for a pnode, Hub, load zone, or interface instead of searching for it.

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Survey says: Add more data to default ISO Express dashboard

Enhancements go live July 5!

Over the past year, the ISO’s web team conducted a survey asking market participants how they use ISO Express, the ISO’s online dashboard of real-time markets and power system data. The results are in, and beginning July 5, ISO Express users will see a number of enhancements to the main/default ISO Express dashboard and to some of the individual data portlets.

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New LMP Calculator helps improve real-time price formation

On May 27, ISO New England replaced its Locational Marginal Price (LMP) Calculator, the automated software that determines real-time energy and reserve prices. The revised LMP Calculator helps create a system in which the preliminary prices produced by the LMP Calculator, the price signals sent by the ISO’s dispatch software, and the final prices used in settling the markets are more closely aligned. The new software also eliminates the need for special pricing rules regarding the eligibility of resources to set price.

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March 1 marks 10th anniversary of “Standard Market Design”

Ten years ago, on March 1, 2003, ISO New England replaced the preliminary wholesale electricity market rules, procedures, and operating systems first introduced in the region in 1999 with what we called Standard Market Design (SMD). Based on our experience and that of other ISOs running electricity markets, SMD significantly expanded and refined New England’s marketplace. It added new features such as the Day-Ahead Energy Market and locational marginal pricing that gave market participants better tools to protect against price volatility and also revealed the true cost of producing and supplying power at various locations on the power system. Today, we use the same system to price wholesale electricity in New England—a testament to the hard work and careful consideration that resulted from the cooperative and robust stakeholder process. Of course, we’ve continued to build on SMD’s foundation, enhancing our suite of markets to ensure an efficient and reliable power system in New England. View the 2013 Wholesale Markets Project Plan for a look at what market enhancements are planned or underway for this year.


ISO-NE launches mobile app for smartphones

‘ISO to Go’ provides user-friendly access to information about the region’s power system and wholesale markets

Do you wonder what types of fuels are generating your electricity? Would you like to see real-time power grid conditions? How about real-time wholesale electricity prices in your New England hometown? There’s an app for that!

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