Experiences with implementation of FTR obligations and options at PJM

Abstract

Summary form only given. This presentation summarizes experiences with implementation of an FTR system including obligations and options at PJM. Main topics include: a brief review of the PJM FTR market project, a description of forward and option FTRs, a discussion of the short and long term FTRs, performance challenges, and the description of the FTR auction market system