Title :
Fixed transmission right auction
Abstract :
The paper illustrates the PJM Fixed Transmission Auction mechanism. FTRs in the PJM market are financial contracts that entitle the holder to revenues or credits based on differences in nodal prices across the specified transmission path. Additional background information is presented concerning the role of FTRs in the PJM energy market to enhance understanding. The author also outlines the four methods by which the PJM market participants can obtain FTRs
Keywords :
contracts; power transmission economics; PJM Fixed Transmission Auction mechanism; energy market; financial contracts; fixed transmission right auction; nodal prices differences; transmission path; Calendars; Costs; Energy management; Forward contracts; Guidelines; Power systems; Protection; Risk management; Robustness;
Conference_Titel :
Power Engineering Society Summer Meeting, 1999. IEEE
Conference_Location :
Edmonton, Alta.
Print_ISBN :
0-7803-5569-5
DOI :
10.1109/PESS.1999.787516
