Independent System Operator

In the US an Independent System Operator or ISO, is a federally regulated regional organization which coordinates, controls and monitors the operation of the electrical power system.

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It also acts as a marketplace in wholesale power, especially since the electricity market deregulation of the late 1990s.

Related Topics:
Marketplace - Wholesale - Electricity market - Deregulation - 1990s

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Most are set up as non-profit corporations using governance models developed by the Federal Energy Regulatory Commission or FERC in April 1996.

Related Topics:
Non-profit - Corporation - Federal Energy Regulatory Commission - FERC - April - 1996

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FERC Order 888/889 required Open Access of the grid to all electricity suppliers and mandated the requirement for an Open Access Same-Time Information System (OASIS) to coordinate transmission suppliers and their customers.

Related Topics:
Open Access - Grid - Open Access Same-Time Information System - OASIS - Transmission

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The Canadian equivalent is an IEMO Independent Electricity Market Operator.

Related Topics:
Canadian - IEMO - Independent Electricity Market Operator

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