ISO-NE issues latest update to Wholesale Markets Project Plan

ISO New England has published the latest edition of its Wholesale Markets Project Plan (WMPP), which lists the status of 10 markets-related initiatives as of December 2024. Published every summer and winter, the WMPP 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 projects include the Capacity Auction Reforms (CAR) initiative, which will transition the capacity market to a prompt/seasonal market with capacity accreditation reforms, and the Day-Ahead Ancillary Services Initiative (DASI), which developed a market design for procuring and transparently pricing the ancillary service capabilities needed for a reliable, next‐day operating plan with an evolving generation fleet.

Stakeholders can follow market projects from introduction to implementation on 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.