UCL Discovery
UCL home » Library Services » Electronic resources » UCL Discovery

Financial Transmission Rights (FTR) as a Congestion Management Scheme in Electricity Transmission: Strategic Behavior in a Coupled FTR — Electricity Market Model

Oruc, S.; (2015) Financial Transmission Rights (FTR) as a Congestion Management Scheme in Electricity Transmission: Strategic Behavior in a Coupled FTR — Electricity Market Model. In: Dolan, T. and Collins, B., (eds.) International Symposium for Next Generation Infrastructure Conference Proceedings: 30 September - 1 October 2014 International Institute of Applied Systems Analysis (IIASA),Schloss Laxenburg, Vienna, Austria. (pp. pp. 85-88). UCL STEaPP: London, UK. Green open access

[img]
Preview
PDF
85-88.pdf

Download (46kB)

Abstract

With the emergence of liberalized markets, transmission line congestion has been a prominent technical constraint that has to be accounted for in designing the new markets. Transmission line congestion is a phenomenon in electricity markets that emerges more severely in time with ever increasing demand in electricity and resultant excessive loading of transmission lines. Various congestion management techniques such as market splitting, market coupling etc. are utilized currently in energy markets. However on the long run financial transmission rights (FTR), which is readily used by some US electricity market operators such as PJM, New York and New England operators, has potential to dominate other markets too. Modelling financial transmission rights to test some strategic hypotheses is imperative to be able to introduce suitable policies and regulations. In this paper we present a modelling approach for financial transmission rights and examine strategic use of hidden knowledge in a hypothetical electricity — FTR market.

Type: Proceedings paper
Title: Financial Transmission Rights (FTR) as a Congestion Management Scheme in Electricity Transmission: Strategic Behavior in a Coupled FTR — Electricity Market Model
Event: International Symposium for Next Generation Infrastructure Conference (ISNGI 2014)
Location: International Institute of Applied Systems Analysis (IIASA), Schloss Laxenburg, Vienna, Austria
Dates: 30 September - 1 October 2014
Open access status: An open access version is available from UCL Discovery
Publisher version: http://www.ucl.ac.uk/steapp/isngi/proceedings
Language: English
Keywords: Finance, Institutions, Transmission Rights
UCL classification: UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > STEaPP
URI: https://discovery.ucl.ac.uk/id/eprint/1469288
Downloads since deposit
393Downloads
Download activity - last month
Download activity - last 12 months
Downloads by country - last 12 months

Archive Staff Only

View Item View Item