FTR Center is used by members and other transmission customers to manage their financial transmission rights (FTRs) portfolios. FTRs are financial contracts that entitle the holder to a stream of revenues or charges based on the hourly congestion price differences across a transmission path in the Day-Ahead Market. Participants may post FTRs for bilateral trading in addition to participating in scheduled monthly FTR auctions.
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FTR Auction XML Guide
The FTR External Interface Specification Guide provides programmatic XML-based interface to the PJM FTR system that is used to facilitate FTR auctions and ARR allocations.