ISO-NE updates Wholesale Markets Project Plan

ISO New England has published the latest edition of its Wholesale Markets Project Plan (WMPP), which lists the status of 14 market initiatives as of December 2022. The WMPP is published every summer and winter, and is a companion piece to the ISO’s Annual Work Plan, which is published in the spring and fall.

ISO New England undertakes many projects and initiatives for the continued development of the region’s wholesale electricity markets. Major ongoing projects include resource capacity accreditation, which will update the Forward Capacity Market’s accreditation processes to support a reliable clean energy transition by better reflecting individual reliability contributions from the region’s evolving mix of electricity generators, and day-ahead ancillary service improvements, which aim to create pricing incentives for specific energy and reserve capabilities. The WMPP includes a Gantt chart visualizing the timelines for these and other projects.

Stakeholders can follow market projects from introduction to implementation within the WMPP webpage, which consolidates access to the Annual Work Plan, WMPP, key projects, a listing of completed market design projects, the NEPOOL Markets Committee Two-Month Look-Ahead Forecast, and Markets Committee meeting agendas and materials. Quick links to Federal Energy Regulatory Commission filings and orders and the ISO’s Participant Readiness Project Outlook page are also available to further inform and support market participants and others looking to track market-related projects.

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market development, wholesale markets