ISO Market Participation
ENE’s market operations began when the “new markets” went live in New England in May 1999. As market rules change, so do we. We helped guide our customers through the launch of Standard Market Design in 2003 which introduced locational pricing as well as day-ahead and real-time markets. Our experienced team dives deep into the ISO market rules to maximize customer value and mitigate risks. This shows in our attention to detail and strategy development with load forecasting and demand bidding in the day-ahead and real-time markets, through contract scheduling, to settlement. Our shadow settlement process verifies twice weekly ISO invoices, and we serve as payment agent for monthly supplier payments for many customers.
We ensure customer fossil fuel and renewable generating assets are compliant with market rules and maximize revenue opportunities. This starts with precise hourly bid generation tools, and continues into capacity and ancillary market participation. When the Forward Reserve Market was introduced in 2004, we worked with customer peaking resources to pursue this new revenue opportunity. Similarly, we are working with energy storage projects to participate in the regulation market as alternative technology regulation resources. We are working with our renewable generation customers to ensure compliance with newer market rules for wind and solar generation.
- Day-ahead and real-time demand and generation bidding
- 3 Part Bid Development
- Renewable / Intermittent Resource market rule compliance
- Capacity market position management
- Ancillary market participation
- Shadow settlement
- Invoice tie out and settlement