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Financial Transmission Rights: A New Proposal
KTH, School of Electrical Engineering and Computer Science (EECS), Electric Power and Energy Systems.
KTH, School of Electrical Engineering and Computer Science (EECS), Electric Power and Energy Systems.
2018 (English)In: 2018 15TH INTERNATIONAL CONFERENCE ON THE EUROPEAN ENERGY MARKET (EEM), IEEE , 2018Conference paper, Published paper (Refereed)
Abstract [en]

In this paper, we will consider the problems of Revenue Adequacy (RA) and Hedging to Risk (H2R), faced by the Independent System Operators (ISOs) and holders of Financial Transmission Rights (FTRs) (or, Congestion Revenue Rights, or CRRs as they are variously known), respectively. It is well known, that the main driver for these two problems is the difference in the topology of the network that is used while solving the FTR auction and allocation process, to that used in the Day Ahead (DA) or Real Time (RT) market dispatch calculations. As we will see in this paper, that the problems of RA and H2R form a set of conflicting requirements, especially when situations corresponding to changing network topologies are considered. We will, therefore, in the present work, propose a newer type of FTR such that both the above-mentioned problems are averted. We will also present the revised auction mechanism of this new FTR, in order to incentivize both the ISOs and the potential holders to sell and purchase them, respectively.

Place, publisher, year, edition, pages
IEEE , 2018.
Series
International Conference on the European Energy Market, ISSN 2165-4077
Keywords [en]
FTR, Revenue Adequacy, Simultaneous Feasibility Test (SFT), SCOPF
National Category
Other Electrical Engineering, Electronic Engineering, Information Engineering
Identifiers
URN: urn:nbn:se:kth:diva-260231DOI: 10.1109/EEM.2018.8469941ISI: 000482771100151Scopus ID: 2-s2.0-85055572871ISBN: 978-1-5386-1488-4 (print)OAI: oai:DiVA.org:kth-260231DiVA, id: diva2:1355339
Conference
15th International Conference on the European Energy Market (EEM), JUN 27-29, 2018, Lodz, POLAND
Note

QC 20190927

Available from: 2019-09-27 Created: 2019-09-27 Last updated: 2019-09-27Bibliographically approved

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Chakrabarti, SambuddhaHesamzadeh, Mohammad Reza

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