FTR/CRR allocation/auction strategies and methodologies: The perspective of a competitive electric provider

Author

Gandhi, N.

Author_Institution

Constellation Commodities Group, Baltimore, MD

fYear

2008

fDate

20-24 July 2008

Firstpage

1

Lastpage

2

Abstract

This paper discusses the various financial transmission rights (FTR) markets in PJM, New England, and New York, including a brief overview of their similarities and differences. A comparison of the various distribution processes of FTRs, their frequency, and other market modifications necessary to ensure their usefulness will be evaluated, as well as the allocation of costs and benefits among market participants. Important in this analysis will be an assessment of the various market participants in each region and their tolerance of risk in managing either the value of their generation assets or the cost of their load obligations. Additionally, the role and economic impact of transmission owners to the FTR markets will be analyzed.

Keywords

power markets; risk management; FTR-CRR allocation-auction strategies; New England; New York; assessment analysis; competitive electric provider; distribution processes; financial transmission rights market; generation assets; market participants; risk management; Context modeling; Costs; Electricity supply industry; Energy management; ISO; Load flow; Power generation; Power generation economics; Power system economics; Risk management;

fLanguage

English

Publisher

ieee

Conference_Titel

Power and Energy Society General Meeting - Conversion and Delivery of Electrical Energy in the 21st Century, 2008 IEEE

Conference_Location

Pittsburgh, PA

ISSN

1932-5517

Print_ISBN

978-1-4244-1905-0

Electronic_ISBN

1932-5517

Type

conf

DOI

10.1109/PES.2008.4596801

Filename

4596801