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What you need to know: energy trader new york iso

Posted by Versify Team on Oct 14, 2014 2:57:00 PM

As an energy trader New York ISO you are part of a dynamic network of energy generators and distributors who are lighting the way for the New York region. The New York Independent System Operator works with its stakeholders to ensure the reliability of the power grid while benefiting end-users by:

  • Maintaining and ensuring reliability

  • Operating open, fair and competitive wholesale energy markets

  • Planning for the future of the power system

  • Providing numerous tools, resources and data for policy makers, traders and entities operating within the NYISO system

For an energy trader, New York ISO can be the source of invaluable data that can power energy trades and enhance your business across multiple markets. Let’s take a look at the resources the NYISO offers to energy traders.

Understanding the Markets

Understanding the complex energy market is the key to open access to the grid. Participants in the market bid to buy or sell electricity. The NYISO markets, in turn, make the most economical and efficient assignment of electric resources. This atmosphere drives efficient procurement of energy and drives healthy competition for market participants.

There are several different types of markets that work in conjunction with each other. As an energy trader New York ISO, your entity has an opportunity to glean knowledge from each of these markets

  • The energy marketshutterstock_86729626-1

  • The ancillary services market

  • The capacity market

  • Financial markets

Membership in the NYISO

The NYISO is responsible for the reliable transmission of electrify across almost 11,000 miles of high voltage lines. Over 500 energy generators dispatch energy within the NYISO market.

Several New York Transmission Owners are members of the NYISO, including:

  • Central Hudson Gas & Electric Corporation

  • Con Edison

  • Long Island Power Authority

  • New York Power Authority

  • National Grid

  • New York State Electric & Gas Corporation

  • Orange & Rockland

  • Rochester Gas & Electric Corporation

Market Data for Energy Trader New York ISO

The NYISO provides a large range of tools for energy traders. Market data and resources include:

  • Pricing data

  • Power grid data

  • Load data

  • Reports and information

  • Postings by date

  • Zone Maps

  • Graphs

  • Market Access

  • Custom Reports

  • TCC

  • ICAP

  • Demand response

  • Interregional data

  • System Conditions

In addition, the NY ISO offers several opportunities for training and self-learning. Many courses are offered online. Courses cover billing, accounting, operations and other subjects. Throughout the year, the New York ISO offers several Market Overview Seminars for participants.

Want to learn more about NY ISO and how to use their resources to power your trades? Contact Versify Solutions today!
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