Comments in FERC Docket No. RM01-12-000 The FGR vs. FTR debate: Facts and Misconceptions
نویسنده
چکیده
Shmuel S. Oren University of California at Berkeley 4119 Etcheverry Hall, Berkeley, CA 94720 [email protected] www.ieor.berkeley.edu/~oren Summary This note comments on the section concerning the definition of transmission rights in FERC’s working paper on Standardized Transmission Service and Wholesale Electric Market Design. The comments below endorse the following positions 1. Support FERC’s recommendation to use of flowgate rights in conjunction with point to point rights for hedging congestion cost. 2. Recommend that point to point rights (FTRs) be defined only as two sided financial instruments and not be offered as options. 3. Recommend that flowgate rights (FGRs) be offered only as one sided instruments (options for the buyer and obligation for the seller) The comments are also intended to clarify a number of misconceptions surrounding the FGR vs. FTR debate.
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Financial Transmission Rights, Revenue Adequacy and Multi‐Settlement Electricity Markets
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