A Review of Market Monitoring Activities at U.S. Independent System Operators

A Review of Market Monitoring Activities at U.S. Independent System Operators

TitleA Review of Market Monitoring Activities at U.S. Independent System Operators
Publication TypePresentation
Year of Publication2003
AuthorsBernard C Lesieutre, Charles A Goldman
Abstract

Approach Focused on four operating ISOs

  • CAISO, ISO-NE, NYISO, and PJM

Conducted Interviews

  • ISO market monitoring staff
  • External Market monitors (e.g., CAISO MSC)
  • State PUC and FERC OMOI staff

Review documents on Market Monitoring

  • ISO Market Monitoring plans; Annual Reports
  • Regulatory proceedings

Synthesize information on market monitoring experience in wholesale electricity markets

  • Purpose of market monitoring
  • Structure of the MMU within ISO
  • Data they are authorized to collect
  • Metrics used and their purpose
  • Process of monitoring
  • Scope of authority
  • Reporting responsibilities
  • Impact of market monitoring: Case Studies