Definitions for "Independent system operator"
The organization responsible for matching the electricity dispatched within the regional electric grid to the customer demand for electricity, to ensure customers receive uninterrupted power. The ISO operates on a regional basis, serving the New England states.
A neutral and independent organization with no financial interest in generating facilities that administers the operation and use of the transmission system. ISOs exercise final authority over the dispatch of generation to preserve reliability and facilitate efficiency, ensure non-discriminatory access, administer transmission tariffs, ensure the availability of ancillary services, and provide information about the status of the transmission system and available transmission capacity. Under some proposals, an ISO may make some transmission investment decisions.
Ensures non-discriminatory access to a regional transmission system, providing all customers access to the power exchange and clearing all bilateral contract requests for use of the electric transmission system. Also responsible for maintaining bulk electric system reliability.