FERC APPROVES ISO-NE CHANGE TO FIVE-MINUTE SETTLEMENT OF REAL-TIME MARKETS

On July 26th FERC accepted ISO-NE's proposal to change the interval at which it settles real-time energy and reserve markets from hourly to every five minutes. The ISO will implement the new settlement interval in March 2017. These changes affect all generation resources, external transactions, and demand-response resources in the real-time markets, and will require substantial changes to both ISO and market participant IT systems.