ISO New England announces key management changes in Market Development and Settlements departments

ISO New England today announced the retirement of Mark Karl, vice president of market development and settlements. He is succeeded by Matthew White, who will serve as vice president of market development and settlements and chief economist. The changes will take effect on Oct. 13, 2023.

Across several roles and more than two decades with the company, Karl has been instrumental in the development and implementation of the region’s wholesale energy markets. He has advanced and shaped a wide variety of innovations and improvements to the energy and ancillary services markets, demand resource integration, economic analyses, settlements, resource adequacy, and Forward Capacity Market auctions.

“It’s hard to find a single component of the region’s wholesale energy marketplace that Mark hasn’t worked on and made better,” said Gordon van Welie, ISO New England’s president and CEO. “I thank him for his leadership and dedication over many years.”

White joined the ISO in 2010, most recently serving as chief economist. In this role, he has overseen the design and development of the region’s suite of auction-based electricity markets.

Prior to joining the ISO, he held faculty appointments at the Stanford University Graduate School of Business, the University of Chicago (Visiting), and the University of Pennsylvania’s Wharton School of Business, where he received numerous teaching awards for his lectures on how markets work. He has served as a senior economist at the US Federal Energy Regulatory Commission and the US Federal Trade Commission, and as a member of the Technology Advisory Committee to the US Commodity Futures Trading Commission.

White received his PhD in Economics from the University of California, Berkeley. 

“I am excited to see Matt step into this new role,” said van Welie. “His broad range of experience, both within and prior to joining the ISO, will serve the region well throughout New England’s clean energy transition.”