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ARR
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FTR Annual Training
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ARR
&
FTR Annual Training
Overview
Financial Transmission Rights (FTRs) are financial instruments that entitle the holder to a stream of revenues (or charges) based on the hourly day-ahead energy 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.
Throughout the year, PJM oversees the process of selling and buying FTRs through FTR auctions. Market participants purchase FTRs by participating in annual and monthly FTR auctions.
Auction Revenue Rights (ARRs) are the mechanism by which the proceeds from the FTR auctions are allocated. ARRs are entitlements allocated annually in the annual ARR allocation to firm transmission service customers that entitle the holder to receive an allocation of the revenues from the annual FTR auction. The proceeds from the annual FTR auction are distributed to ARR holders.
Course Details
Target Audience:
Power Marketers/Traders
Load Serving Entities/Electric Distribution Co.
Delivery Method:
In Person
Related Courses:
NERC Approved:
No
NERC ILA #:
0
NERC TOTAL CEH:
0
Standards CEH:
0
Simulation CEH:
0
EOP CEH:
0
Topics:
Overview of Financial Transmission Rights (FTRs)
Overview of Auction Revenue Rights (ARRs)
Overview of Simultaneous Feasibility Test (SFT)
Annual ARR Allocation Process
FTR Auctions & Bilateral Trading
Market Settlements
Annual ARR Allocation Example
Annual FTR Auction Example
eFTR and Market User Interfaces
Other Information:
Cost:
There is no charge to PJM members. Non-members are charged a nominal fee. Please contact
TrainingSupport@pjm.com
for more details
Event Logistics
Date:
02.18.2010
Schedule
&
Notes:
In-person session only
9:00 a.m. - 4:30 p.m. EPT
Location:
Crowne Plaza Hotel
King of Prussia, PA 19406
(610) 265-7500
Register By: 02.18.2010