Full Title: How The RTO Stakeholder Process Affects Market Efficiency
Author(s): Mark James
Publisher(s): R Street Institute
Publication Date: October 1, 2017
Full Text: Download Resource
Description (excerpt):
This white paper analyzes the role that the regional transmission organization (RTO) and independent system operator (ISO) stakeholder-governance process plays in ensuring the competitiveness and efficiency of a wholesale electric market. In the United States, RTOs and ISOs maintain operational control of the regional electric-transmission grids, operate the regional competitive electric markets and plan for future grid expansion, while maintaining open access to a reliable electricity system. This paper reviews the stakeholder-governance processes in the six jurisdictional RTOs and ISOs of the Federal Energy Regulatory Commission (FERC): the Midcontinent Independent System Operator (MISO), the Southwest Power Pool (SPP), the California Independent System Operator (CAISO), the Independent System Operator of New England (ISONE), the New York Independent System Operator (NYISO) and the PJM Interconnection (PJM).