How does ISO New Englands SMD differ from federal efforts to standardize markets nationwide?
ISO New England’s SMD differs only slightly from the principles outlined in the FERC’s Notice of Proposed Rulemaking (NOPR). Overall, ISO New England endorses FERC’s efforts to develop efficient, robust and reliable electricity markets through the adoption of standardized market rules and procedures that will apply to all trading in regional markets throughout the country. ISO New England finds that the standardization of the key features outlined in the FERC’s NOPR, including multi-settlement, locational pricing and economic dispatch combined with financial hedging instruments, builds on the successful experience in existing markets. ISO New England’s implementation of SMD highlights the symmetry of ISO New England’s and the FERC’s views on SMD. Therefore, ISO New England strongly supports the objectives outlined throughout the FERC’s NOPR. In some instances, ISO New England has provided comments to the FERC regarding areas where the Commission may want to consider alternative approac
