ISO New England (ISO-NE) and the New York Independent System Operator (NY-ISO) announced the implementation of a new interregional market system on December 15 that is expected to streamline electric energy transactions, cut costs, and improve the flow of power between the two regions.
The system – based on Coordinated Transaction Scheduling (CTS) – makes more efficient use of the transmission lines by enabling market participants to access the lowest-cost source of power between the two regions.
