Record Details

Introduction to multidimensional financial transmission rights

DSpace at IIT Bombay

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Field Value
 
Title Introduction to multidimensional financial transmission rights
 
Creator SARKAR, V
KHAPARDE, SA
 
Subject auction
auction
financial transmission right
locational marginal price
multidimensional financial transmission right
obligation
option
secondary trading
 
Description This paper introduces the concept of multidimensional financial transmission right (MDFTR) which is a generalized group financial transmission right (FTR) concept. An MDFTR allows its owner to hold a total FTR amount over a path group along with multiple choices to distribute this grouped amount among the individual grouping paths. This added flexibility provides forward-market participants with a useful support to overcome the congestion price risk that originates from the uncertainty in their transaction paths. All the. fundamental issues regarding the implementation of MDFTRs are addressed in detail in this paper. The practical utility of MDFTRs is judged by analyzing their costs. It is shown with illustration that an MDFTR may be more cost-effective than any given portfolio of individual FTRs that has the ability to give the same risk-hedging benefit.
 
Publisher IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC
 
Date 2011-08-01T05:56:54Z
2011-12-26T12:53:17Z
2011-12-27T05:40:33Z
2011-08-01T05:56:54Z
2011-12-26T12:53:17Z
2011-12-27T05:40:33Z
2008
 
Type Article
 
Identifier IEEE TRANSACTIONS ON POWER SYSTEMS, 23(1), 47-57
0885-8950
http://dx.doi.org/10.1109/TPWRS.2007.913199
http://dspace.library.iitb.ac.in/xmlui/handle/10054/8360
http://hdl.handle.net/10054/8360
 
Language en