What is a Market Asset?
A market asset is represented by a revenue quality meter (RQM) which reports on a consistent and continual basis that allows for wholesale energy, ancillary services, and forward capacity settlement and has a unique identifier provided by ISO New England. There are three types of market assets:
Who Can Register a Market Asset with the ISO?
Companies who want to participate in the ISO-administered markets must register their assets with ISO New England for settlement and other market-related purposes. If you are new to the market, you must complete ISO participant registration before following the instructions below. All steps must be completed by the person designated as the representative of the Lead Market Participant of the asset.
Formal descriptions of each asset type are provided in Section I of the ISO Tariff.
All modeled assets are visible and controllable by the ISO control room through the asset's Designated Entity dispatch location.
A Modeled Generator (Modeled Gen) is one or more generating units at a single location that is fully visible and controllable by the ISO’s control room. A Modeled Generator bids into the Day-Ahead and/or Real-Time Energy Markets, contributes to price formation, and therefore dispatched based on price.
Determination on what should be Modeled
- A Generator must register as modeled if the facility’s max net output, known as interconnection rights, is 5 MW or greater and/or the interconnection voltage is equal to or greater than 115 kV.
- If the Generator is between 1 MW and 5 MW, and has an interconnection voltage less than 115 kV, follow the Generator Asset Registration Options Checklist to determine the correct registration choice.
Interconnection rights depend on how many MWs the facility is allowed to push out to the grid, or the ways in which the facility has contracted to interact with the grid. If you don’t know what the facility interconnection rights are, or if the facility is FERC jurisdictional, work with the facility’s utility or consult with the ISO Planning department.
A Continuous Storage Facility (CSF) is an energy storage generator facility that can move continuously and nearly instantaneously between charging and discharging in continuous range of generation and consumption. The asset registration enables simultaneous participation in energy, reserves, and regulation markets.
An Alternative Technology Regulation Resource (ATRR) is one or more facilities capable of participating in the Regulation Market.
An Asset Related Demand (ARD) is a power-consuming asset that settles in the market at the electrically closest network node. It can be an aggregation or a single facility and can be registered to be dispatchable (DARD) based on price.
A Settlement Only Generator (SOG) is a generator facility with a maximum net output of less than 5 MW, has an interconnection voltage less than 115 kV, settles for energy and/or capacity only, and is not visible or controllable by the ISO’s Control Room. Settlement Only Generators do not make bids into eMarket.
A Load Asset represents a certain amount of electricity consumption from the wholesale electricity grid, measured in MWs and settles at the zonal price. It may be an aggregation of load or load from a single facility.
A Tie-Line asset is metered power flow between two Metering Domains that does not settle in the markets. It can be an aggregation of meters or a single tie meter. A Metering Domain is the electrical territory of a distribution or Transmission Company that must balance generation, load, and tie flow.
Demand Response Assets
A Demand Response Asset is a facility comprising the demand reduction capability of an individual end-use customer at a Retail Delivery Point or the aggregated demand reduction capability of multiple end-use customers from multiple delivery points.
Initial Registration Instructions
Modeled Assets (Modeled Gen, CSF, ATRR, ARD) Registration
- Please visit the Interconnection Request Queue webpage to confirm if the Modeled Asset needs to go through the Interconnection Request process with the ISO
- To begin the registration process, contact Participant Support through Ask ISO 12-15 months prior to the Modeled Asset’s operational date
- For details on the requirements for Modeled Assets, review the New Generation Projects: Process Guide
- To receive a copy of the Coordinate Modeled Asset Project Summary and Checklist, contact Participant Support through Ask ISO
Settlement Only Generator (SOG) Registration
Note: A Load Asset registered with the ISO may be recognized as a Generation Information System (GIS) Load Asset and subject to the costs associated with administering NEPOOL GIS. GIS settlement information, including the GIS Allocation of Costs, GIS Annual Exemption Process instructions, and GIS Exemption Request form, is available on the ISO website.
- Contact Participant Support through Ask ISO to receive the Tie-Line Registration Form
Demand Response Registration, Modification, and Retirement
Asset Modification and Retirement Instructions
- To transfer ownership share of an asset, the Lead Market Participant of the asset must initiate the transfer in the Customer and Asset Management System (CAMS); please reference our brief training video (10 min), How-to transfer asset ownership using the Customer and Asset Management System (CAMS).
- To transfer Lead Market Participant or Meter Reader relationships of an asset, the Lead Market Participant of the asset must initiate the transfer in the Customer and Asset Management System (CAMS); please reference our brief training video (12 min), How to transfer asset relationships using the Customer and Asset Management System (CAMS).
- For Modeled Asset relationship transfers, provide plenty of notice seeing there may be additional requirements that need to be met to allow for the transfers to move forward.
- For Lead Market Participant transfers, if there is an associated Network Load that will require a transfer or retirement, contact Participant Support through Ask ISO
- For any changes to asset administrative data or technical data, contact Participant Support through Ask ISO. Provide as much detail as possible regarding the change. Upon receipt of the Ask ISO case, the ISO will provide instruction on how to process the requested change.
- To retire an asset, the Lead Market Participant of the asset must initiate the retirement in the Customer and Asset Management System (CAMS); please reference our brief training video (12 min), How to retire an asset using the Customer and Asset Management System (CAMS).
- Before initiating a retirement for a Modeled or Settlement Only Generator asset that is mapped to an FCM Resource, please use the Generator Asset with FCM Resource Retirement Questionnaire to determine whether the asset is eligible for retirement.
- For Modeled Asset retirements, provide plenty of notice seeing there may be additional requirements that need to be met to allow for the retirement to move forward.
- For retirements, if there is an associated Network Load that will require a transfer or retirement contact Participant Support through Ask ISO.
Modeled Generator Assets are the only asset type in CAMS with associated contacts. To change any of the contacts listed below, a person designated in CAMS as a representative of the generator asset’s Lead Market Participant should submit the request via Ask ISO.
- “Lead Market Participant” is the generator-asset-level contact who serves as the primary point of contact for the asset.
- “Market Monitoring, Primary” and “Market Monitoring, Secondary” are the generator-asset-level contacts notified in the event that an asset is subject to mitigation by the ISO’s Internal Market Monitor.
- “Long-Term Outage (LTO) Coordinator” is the generator-asset-level contact who coordinates, schedules, and communicates planned outages and testing for the generator asset. This contact will be viewed as the point person to receive information pertaining to the applicable generator, as well as forecasted transmission constraints.