Skip to Main Content
On March 1, 2003, ISO New England launched its LMP based energy market for both real-time and day-ahead. Under this SMD implementation, the day-ahead market is a financial forward market, which does not enforce obligation on the physical generating resources to provide energy, while the real-time market involves the dispatch of physical resources to serve the real-time load in a secure and reliable manner. In this paper an over view of the real-time energy market in ISO New England is presented. Also, some operations and design challenges of the energy market was discussed.
Power Engineering Society General Meeting, 2005. IEEE
Date of Conference: 12-16 June 2005