Departamento de Ingeniería Eléctrica, Electrónica, Automática y Comunicaciones
Escuela Técnica Superior de Ingenieros Industriales
Universidad de Castilla – La Mancha
Professor S. A. Khaparde
Department of Electrical Engineering
Indian Institute of Technology, Bombay, India
Introduction to financial transmission rights
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. Two central issues are the revenue adequacy and
FTR issuance. These issues are complex in the presence of option type of FTRs. The
revenue adequacy is ensured by a simultaneous feasibility test or simultaneous
feasibility condition. This is illustrated with a simple sample system. The issuance of
FTRs can be through auctions or allocations. The objective for issuance is to issue
maximum possible FTRs subject to network constraints. A comprehensive assessment
of various facets of FTRs and allied issues is presented. Recent development like
group FTRs is also covered as a concept. Brief comparison of FTRs and Flow Gate
Rights is presented.
Viernes 7 de mayo de 2010, de 11:00 a 13:00
Salón de Grados, Escuela Técnica Superior de Ingenieros Industriales
Campus Universitario s/n, 13071 Ciudad Real