Network Maintenance

LMP/FTR

This one-day course provides an in-depth look at the components of locational marginal pricing (LMP) including the shadow price. The course will examine the contrast between the dispatch rate and the LMP. There is also an LMP demo that illustrates how various generator offers and parameters influence the LMP. As a hedge for transmission congestion charges, there will be a detailed explanation of Fixed Transmission Rights (FTRs) and Auction Revenue Rights (ARRs) accompanied with an FTR Auction demo.

Course Details


Power Marketers/Traders
Load Serving Entities/Electric Distribution Co.
In Person
  • PJM Dispatch Rate
  • Definition of Locational Marginal Pricing (LMP)
  • LMP Demo
  • Financial Transmission Rights (FTRs)
  • Auction Revenue Rights (ARRs)
  • FTR Auction Demo

If you would like to see this course scheduled in the near future, click "Add to LMS wish list" to access the LMS.
There is no charge to PJM Members or Governmental Entities. Non-Members are charged a nominal fee. Please contact Training Support for more details. All training materials will be provided.