The decarbonization strategies of cities like Boston are dependent on successful decarbonization of the electricity grid. Lighting, plug loads, cooling, thermal electrification and vehicle electrification all need to be powered by carbon-free electricity. The cleaning of the grid is in turn heavily influenced by a combination of state policy and regional wholesale market policy.
The role of regional wholesale market policy is becoming increasingly important as the share of renewables in the grid increases, bringing generation, transmission and storage challenges that have not historically had to be managed at the wholesale level. In New England, wholesale markets are managed by ISO New England (ISO-NE), an independent system operator regulated by the Federal Energy Regulatory Commission (FERC). The ISO-NE mission has long been focused on the goals of reliability and affordability – But it is now clear that their mission must also encompass decarbonization.
ISO-NE stakeholder engagement processes have been focused on state-level relationships through the New England Power Pool and the New England States Committee on Electricity. As local and state mandates for emissions reductions escalate, cities and large energy users have an increased stake in the design of our wholesale markets.
This GRCx will explore this growing stake in wholesale markets and will offer an overview of the key aspects of wholesale market policy that affect decarbonization strategies for cities and large energy users. It will also share examples of innovative state and large customer engagement with Independent System Operators.
- Greg Geller, Senior Director, Regulatory Affairs, Enel X
- Judy Chang, Undersecretary for Energy, Commonwealth of Massachusetts
- Madeline Schuh, Philadelphia Energy Office, member, PJM Cities Coalition