{"title":"Financial transmission rights in electricity market","authors":"V. Quintana, G. Bautista","doi":"10.1109/MELCON.2006.1653251","DOIUrl":null,"url":null,"abstract":"In this paper, financial transmission rights (FTRs) are introduced. First, the basics of FTRs are presented; second, different markets of FTRs are described, namely: i) one-period, ii) multi-period and iii) multi-round, for both forwards and options. Finally, the interaction of FTRs and strategic bidding of generators is studied. It is shown how FTRs can exacerbate market power. Based on a DC-network approximation, a three-node system is used for illustrative purposes","PeriodicalId":299928,"journal":{"name":"MELECON 2006 - 2006 IEEE Mediterranean Electrotechnical Conference","volume":"14 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2006-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"MELECON 2006 - 2006 IEEE Mediterranean Electrotechnical Conference","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/MELCON.2006.1653251","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 2
Abstract
In this paper, financial transmission rights (FTRs) are introduced. First, the basics of FTRs are presented; second, different markets of FTRs are described, namely: i) one-period, ii) multi-period and iii) multi-round, for both forwards and options. Finally, the interaction of FTRs and strategic bidding of generators is studied. It is shown how FTRs can exacerbate market power. Based on a DC-network approximation, a three-node system is used for illustrative purposes
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