Review on PJM's Ancillary Products of Auction Revenue Rights

被引:0
|
作者
Fan, Zhenyu [1 ]
Horger, Tim [1 ]
机构
[1] PJM Interconnect, Norristown, PA 19403 USA
关键词
Financial Transmission Rights; Auction Revenue Rights; Regional Transmission Expansion Planning;
D O I
暂无
中图分类号
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号
0807 ; 0820 ;
摘要
Financial hedging is a very important tool for risk management in energy market. As the energy market leader, PJM had many years of experiences in its Financial Transmission Rights (FTRs) market which is a financial hedging market. Auction Revenue Rights (ARR), an underlying product of FTRs are allocated every year. PJM also allocated different types of incremental ARR to fulfill this product. This paper will describe the basic structure of ARR and FTRs process in PJM. The different ARR products are also presented. Some of the products relate closely to PJM's Regional Transmission Expansion Planning (RTEP) process.
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页数:5
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