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A Comprehensive Assessment of the Evolution of Financial Transmission Rights

DSpace at IIT Bombay

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Title A Comprehensive Assessment of the Evolution of Financial Transmission Rights
 
Creator SARKAR, V
KHAPARDE, SA
 
Subject congestion revenue rights
market power
design
networks
auction
energy
system
allocation
auction
auction revenue right
financial transmission right
flowgate right
market power
obligation
option
revenue adequacy
secondary trading
transmission investment
 
Description Financial transmission rights (FTRs) are complementary to the locational marginal pricing of energy. The basic aim of the FTR mechanism is to guard forward contracts from uncertain congestion charges. FTRs are also useful to individual generators and loads for selling and buying power, respectively, at the prices of other locations. The concept has evolved, encompassing many features such as a simultaneous feasibility test, various ways to conduct auctions and allocations and secondary trading. FTRs also have a close relation to market power and transmission investment. This paper reviews most of the landmark research papers on the evolution of the FTR concept. It reports a comprehensive assessment of various facets of FTRs and allied issues. Financial transmission rights and flowgate rights (FGRs) are compared. The concept of long-term FTRs is discussed. The paper also touches upon future proposals in this area.
 
Publisher IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC
 
Date 2011-07-31T16:06:29Z
2011-12-26T12:53:04Z
2011-12-27T05:40:11Z
2011-07-31T16:06:29Z
2011-12-26T12:53:04Z
2011-12-27T05:40:11Z
2008
 
Type Article
 
Identifier IEEE TRANSACTIONS ON POWER SYSTEMS, 23(4), 1783-1795
0885-8950
http://dx.doi.org/10.1109/TPWRS.2008.2002182
http://dspace.library.iitb.ac.in/xmlui/handle/10054/8164
http://hdl.handle.net/10054/8164
 
Language en