Financial Transmission Rights
lAn FTR is the right to collect the difference in LMP between two commercial nodes
–Options
–Obligations
lSettlement of FTR’s is separate from settlement of energy or congestion charges
lNo schedule is required to collect FTR revenue
lFTR’s can be traded bilaterally or in an auction
This is a very basic presentation and does not cover all the many details of the Market. Apologies to you if this is too basic but there are many who have not kept up with the Market development