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Transmission Organization

An entity (like a Regional Transmission Organization or Independent System Operator) that manages and operates the high-voltage electricity transmission system in a specific geographic area, ensuring reliable power delivery.

Aggregators of retail customers

Companies or entities that combine the electricity usage patterns or reduction commitments of many individual homes and businesses to participate in wholesale electricity markets.

Demand flexibility

The ability of electricity users (like homes or businesses) to change their electricity consumption in response to market signals, prices, or grid conditions, often by reducing usage during peak times.

Organized wholesale electric market

A marketplace where large-scale electricity generation and demand resources are bought and sold, typically managed by a Transmission Organization, to ensure a stable and efficient power supply.

Federal Energy Regulatory Commission (FERC)

An independent agency of the U.S. government that regulates the interstate transmission of electricity, natural gas, and oil, overseeing wholesale electricity markets.

Retail customers

Individual homes, businesses, or other end-users who purchase electricity directly from a utility company for their own consumption.