Market Monitor definition
Examples of Market Monitor in a sentence
The External Market Monitor shall keep the Governance Participants informed of the progress of any report being prepared pursuant to the terms of this Agreement.
ISO shall file its contract with the External Market Monitor with the Commission.
Members of the ISO Board who also perform management functions for the ISO shall be excluded from oversight and governance of the Internal Market Monitor and External Market Monitor.
The External Market Monitor budget will be separately identified, included and considered in the overall ISO budget process set forth in Section 12.
The contract shall prohibit the External Market Monitor (i) from providing any consulting services to the Governance Participants or any services to ISO that are unrelated to the External Market Monitor’s functions under the contract to ISO, provided that this prohibition shall not limit in any way the ability of the External Market Monitor to prepare and file testimony or work on improvements to the New England Markets or (ii) from providing consulting services to any Governance Participant.
Nothing in this Agreement is intended to limit a Governance Participant’s right to request the External Market Monitor to report whether the current market design/rules support efficient and competitive outcomes.
Any proposed termination of the contract with the External Market Monitor or modification of, or other limitation on, the External Market Monitor’s scope of work shall be subject to prior Commission approval.
Notwithstanding the foregoing, in the event the Internal Market Monitor believes broader dissemination could lead to exploitation, it shall limit distribution of its identifications to the ISO and to the Commission, with an explanation of why broader dissemination should be avoided at that time.
The External Market Monitor will have the opportunity to comment on any filings under development by the ISO and may file comments with the Commission when the filings are made by the ISO.
Any amendments deemed to be necessary by the Internal Market Monitor shall be undertaken after consultation with Governance Participants in accordance with Section 11.