| Course Title: |
Long Term FTR Training |
| Description: |
Financial Transmission Rights (FTRs) are financial instruments that
entitle the holder to a stream of revenues (or charges) based on the hourly
day-ahead congestion price differences across the transmission path. The
purpose of an FTR is to provide all market participants the ability to have
price certainty when delivering energy across the PJM system. FTRs provide
a hedging mechanism that can be traded separately from transmission service.
They do not represent a right for physical delivery of power. PJM's Long
Term FTR Auctions allow market participants to purchase FTRs for longer
periods and for future years beyond the Annual FTR Auctions. |
| Slides: |
Long
Term FTR Auction Overview
|
| Schedule: |
|
| Agenda: |
Long Term FTR Auction Overview
Long Term FTR Auction Schedule
Overview of Financial Transmission Rights (FTRs)
Overview of Simultaneous Feasibility Test (SFT)
FTR Auctions & Bilateral Trading
Market Settlements |
| Intended Audience: |
All PJM market participants who are interested in
the FTR auction process including the Long Term FTR Auction. |
| Prerequisites: |
It is recommended that participants have an understanding
of the current FTR market and how FTRs are traded. Familiarity with PJM
market structure and operations, how LMPs are calculated, and how the energy
market operates is also preferred. |
| Cost: |
There is no charge to PJM Members. Non-Members are charged a nominal fee. Please contact TrainingSupport@pjm.com for more details.
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