ISO (International Organization for Standardization or Independent System Operator)

The International Organization for Standardization (ISO) is an international body that sets the standards and processes for the assurance of quality within different types of organizations. The ISO is responsible for defining standards as well as certifying organizations that meet its guidelines. In the context of procurement, the ISO helps to ensure that supplies or services purchased by an organization meet a certain level of quality or safety. On the other hand, an Independent System Operator (ISO) is an entity responsible for operating and managing certain parts of a power grid in order to ensure reliable service to all consumers. An ISO brings together buyers and sellers in the power market while also ensuring safe, reliable and affordable electricity.