Locational marginal pricing based financial transmission right

2017 IEEE International Conference on Circuits and Systems (ICCS) Pub Date : 2017-12-01 DOI:10.1109/ICCS1.2017.8326042

V. Umale, S. Warkad

{"title":"Locational marginal pricing based financial transmission right","authors":"V. Umale, S. Warkad","doi":"10.1109/ICCS1.2017.8326042","DOIUrl":null,"url":null,"abstract":"Financial Transmission Right is a financial instrument awarded to bidders in the FTR auctions that entitle the holder to a stream of revenues (or charges) based on hourly day-ahead congestion price differences across the path. The purpose of FTRs is to protect Firm Transmission Service Customers from increased cost due to transmission congestion when their energy deliveries are consistent with their firm reservations. Essentially, FTRs are financial instruments that entitle the holder to rebates of congestion charges (rentals) paid by the Firm Transmission Service Customers. AC-DC OPF based electricity nodal pricing methodology to evaluate FTR in more simple way for a real network of 400/765 kV MSETCL system. Study evaluated FTRs methodology for real power system with reference to several conditions. This study concluded that option and obligation FTR charges are more in peak load conditions compared to off-peak load conditions. It is useful to system operator to study transmission congestion management and market operations. Market participants may also get information about behavior of FTRs at different conditions for better economic decision.","PeriodicalId":367360,"journal":{"name":"2017 IEEE International Conference on Circuits and Systems (ICCS)","volume":"55 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2017-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2017 IEEE International Conference on Circuits and Systems (ICCS)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/ICCS1.2017.8326042","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}

引用次数: 3

Abstract

Financial Transmission Right is a financial instrument awarded to bidders in the FTR auctions that entitle the holder to a stream of revenues (or charges) based on hourly day-ahead congestion price differences across the path. The purpose of FTRs is to protect Firm Transmission Service Customers from increased cost due to transmission congestion when their energy deliveries are consistent with their firm reservations. Essentially, FTRs are financial instruments that entitle the holder to rebates of congestion charges (rentals) paid by the Firm Transmission Service Customers. AC-DC OPF based electricity nodal pricing methodology to evaluate FTR in more simple way for a real network of 400/765 kV MSETCL system. Study evaluated FTRs methodology for real power system with reference to several conditions. This study concluded that option and obligation FTR charges are more in peak load conditions compared to off-peak load conditions. It is useful to system operator to study transmission congestion management and market operations. Market participants may also get information about behavior of FTRs at different conditions for better economic decision.

查看原文本刊更多论文

基于区位边际定价的金融传导权

金融传输权是在FTR拍卖中授予竞标者的一种金融工具，它使持有者有权根据每小时穿越路径的拥堵价格差异获得一系列收入(或收费)。ftr的目的是保护公司输电服务客户，使其在能源交付与公司预定量一致的情况下，免受因输电拥塞而增加的成本。从本质上讲，ftr是一种金融工具，持有者有权从公司传输服务客户支付的拥堵费(租金)中获得回扣。400/765 kV MSETCL系统实际电网中基于交直流OPF的电力节点定价方法更简单地评估FTR。本文结合实际电力系统的几种情况，对ftr方法进行了评价。本研究的结论是，在高峰负荷条件下，选择性和义务性FTR费用比非高峰负荷条件下更多。研究输电拥塞管理和市场操作对系统运营商有一定的参考价值。市场参与者还可以获得关于ftr在不同条件下的行为信息，以便做出更好的经济决策。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

2017 IEEE International Conference on Circuits and Systems (ICCS)

自引率

0.00%

发文量