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Power Market Primers

Technical Report ·
DOI:https://doi.org/10.2172/1556069· OSTI ID:1556069
 [1];  [2];  [3];  [4];  [4];  [1];  [1];  [3];  [3]
  1. National Energy Technology Laboratory (NETL), Pittsburgh, PA, Morgantown, WV, and Albany, OR (United States)
  2. Deloitte, New York, NY (United States)
  3. Booz Allen Hamilton, Inc., McLean, VA (United States)
  4. KeyLogic Systems, LLC, Morgantown, WV (United States)
+ Show Author Affiliations

The National Energy Technology Laboratory (NETL) has developed a series of primers on independent system operators (ISOs) and regional transmission organizations (RTOs). The primers primarily explore the history, workings, and types of electricity markets composing the seven ISOs/RTOs in the United States (U.S.) (Exhibit 1-1). The primer series includes sixteen documents. A general introduction to ISOs/RTOs is given in Independent System Operators and Regional Transmission Organizations. Specific details about the seven existing ISOs/RTOs in the United States are given in seven additional primers: California Independent System Operator, ERCOT Independent System Operator, ISO New England Regional Transmission Operator, MISO Regional Transmission Operator, New York Independent System Operator, PJM Regional Transmission Operator, and Southwest Power Pool, Inc. These primers provide a history of each ISO/RTO, short explanations of products and services (different types of electricity markets) offered by ISO/RTO, and the ISO/RTO generation mix. Readers who are not familiar with the different types of markets and their mechanisms can find basic information in six additional primers titled: Power Markets, Energy Market, Capacity Market, Comparisons of Different ISO/RTO Capacity Market Structures, Ancillary Services, and Financial Transmission Rights. Additionally, the primer North American Electric Reliability Corporation introduces the electric reliability organization, which is responsible for reliability of the bulk power system and Federal Energy Regulatory Commission introduces the federal commission responsible for overseeing the nation's electric power markets and related energy and financial markets and issuing market related rules and regulations. All the primers are very short and concise documents. They are accompanied by a Glossary of Terms in which many of the technical terms used in these primers are defined.

Research Organization:
National Energy Technology Laboratory (NETL), Pittsburgh, PA, Morgantown, WV, and Albany, OR (United States); Booz Allen Hamilton, Inc., McLean, VA (United States)
Sponsoring Organization:
USDOE Office of Fossil Energy and Carbon Management (FECM)
DOE Contract Number:
FE0004001; FE0025912
OSTI ID:
1556069
Report Number(s):
NETL/DOE--2019/2059
Country of Publication:
United States
Language:
English

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Related Subjects

24 POWER TRANSMISSION AND DISTRIBUTION
29 ENERGY PLANNING, POLICY, AND ECONOMY
California (CAISO)
ERCOT
FERC
IESO
Independent System Operator New England (ISO-NE)
Independent System Operators (ISO)
MidContinent ISO (MISO)
Midwest ISO
New York Independent System Operator (NYISO)
PJM
SERC
SPP
ancillary services
capacity
dispatch
energy
regional transmission organization (RTO)
revenues
transmission
wholesale electricity market