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A Comprehensive Assessment of the Evolution of Financial Transmission Rights
2008
IEEE Transactions on Power Systems
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.
doi:10.1109/tpwrs.2008.2002182
fatcat:xhxaxeitlrhotg47vjp2py5sca