Financial Transmission Rights: Analysis, Experiences and Prospects

Front Matter....Pages i-xxx
Financial Transmission Rights: Point-to Point Formulations....Pages 1-48
Transmission Pricing....Pages 49-76
Point to Point and Flow-Based Financial Transmission Rights: Revenue Adequacy and Performance Incentives....Pages 77-94
A Joint Energy and Transmission Rights Auction on a Network with Nonlinear Constraints: Design, Pricing and Revenue Adequacy....Pages 95-127
Generator Ownership of Financial Transmission Rights and Market Power....Pages 129-155
A Merchant Mechanism for Electricity Transmission Expansion....Pages 157-189
Mechanisms for the Optimal Expansion of Electricity Transmission Networks....Pages 191-210
Long Term Financial Transportation Rights: An Experiment....Pages 211-226
FTR Properties: Advantages and Disadvantages....Pages 227-251
FTRs and Revenue Adequacy....Pages 253-270
Trading FTRs: Real Life Challenges....Pages 271-288
Participation and Efficiency in the New York Financial Transmission Rights Markets....Pages 289-303
Experience with FTRs and Related Concepts in Australia and New Zealand....Pages 305-332
Transmission Rights in the European Market Coupling System: An Analysis of Current Proposals....Pages 333-375
Incentives for Transmission Investment in the PJM Electricity Market: FTRs or Regulation (or Both?)....Pages 377-401
Back Matter....Pages 403-418