New England's Residual Wholesale Electricity Market. (Anthology)
Deese, Brian C., Schacht, Eric P., Sommers, Paul M., Atlantic Economic Journal
The independent system operator (ISO) concept was developed by the Federal Energy Regulatory Commission to support deregulation of the electricity industry in the U.S. In May 1999, ISO New England began buying and selling residual wholesale electricity on an Internet-based market system, the 'residual" being electricity produced by a participant in the marketplace in excess of the demand of its customers. A market clearing price for spillover electricity has been recorded for each hour of every day since ISO New England's inception (see
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Publication information: Article title: New England's Residual Wholesale Electricity Market. (Anthology). Contributors: Deese, Brian C. - Author, Schacht, Eric P. - Author, Sommers, Paul M. - Author. Journal title: Atlantic Economic Journal. Volume: 29. Issue: 4 Publication date: December 2001. Page number: 473. © 1999 Atlantic Economic Society. COPYRIGHT 2001 Gale Group.