Financial Transmission Rights

Analysis, Experiences and Prospects

  • Juan Rosellón
  • Tarjei Kristiansen

Part of the Lecture Notes in Energy book series (LNEN, volume 7)

Table of contents

  1. Front Matter
    Pages i-xxx
  2. Ignacio J. Pérez-Arriaga, Luis Olmos, Michel Rivier
    Pages 49-76
  3. Richard P. O’Neill, Udi Helman, Benjamin F. Hobbs, Michael H. Rothkopf, William R. Stewart
    Pages 95-127
  4. Manho Joung, Ross Baldick, Tarjei Kristiansen
    Pages 129-155
  5. Tarjei Kristiansen, Juan Rosellón
    Pages 157-189
  6. Bastian Henze, Charles N. Noussair, Bert Willems
    Pages 211-226
  7. Richard Benjamin
    Pages 227-251
  8. Guillermo Bautista Alderete
    Pages 253-270
  9. Jose Arce
    Pages 271-288
  10. E. Grant Read, Peter R. Jackson
    Pages 305-332
  11. Back Matter
    Pages 403-418

About this book

Introduction

Whilst financial rights have appeared as a successful ingredient in North-American power markets, they have their shortcomings both theoretically and in practice. Financial Transmission Rights: Analysis, Experiences and Prospects present a systematic and comprehensive overview of financial transmission rights (FTRS).

Following a general introduction to FTRs, including chapters to explain transmission pricing and the general properties of FTRS, experts in the field provide discussions on wide scope of topics. These include:

·Varying perspectives on FTRS: from electrical engineers to economists,

·Different mathematical formulations of FTRS

·Financial Hedging using FTRS, and

·Alternative solutions to FTRs

The detail, expertise and range of content makes Financial Transmission Rights: Analysis, Experiences and Prospect  an essential resource for electricity market specialists both at academic and professional levels.

“This is THE BOOK we were all expecting to address all key ‘Financial Transmission Rights’ issues. It is comprehensive and reader friendly. You can pick at will in its menu: more or less theory, a bit of maths or none, empirical review of real cases or numerical simulations of many feasible options. Big names rally there to delight you like: Hogan , Oren, Perez-Arriaga, Smeers, Hobbs and… Rosellón. More than a must read: a light house, a map and a survival kit.”

 Jean – Michel Glachant, Director Florence School, Holder Loyola de Palacio Chair, Chief-editor Economics of Energy & Environmental Policy.

"In the last two decades, economists have developed a better understanding of the impact of financial rights on risk management, market power and network expansion in electricity markets, while power systems have experimented with such rights. Striking a good balance between academics and practitioners, always at the frontier of the field, written by the best experts, this volume is essential reading for all those- power systems’ managers and users, regulators, students and researchers- who want to understand the new electricity environment and predict its evolution."

Jean Tirole, Toulouse School of Economics and Institute for Industrial Economics (IDEI)

Further comments inside.

Keywords

Congestion Pricing Financial Hedging Financial Transmission Rights Power Markets Risk Management Transmission Congestion Transmission Pricing

Editors and affiliations

  • Juan Rosellón
    • 1
  • Tarjei Kristiansen
    • 2
  1. 1.Económicas (CIDE), Department of EconomicsCentro de Investigación y DocenciaMexicoMexico
  2. 2.ÅlesundNorway

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4471-4787-9
  • Copyright Information Springer-Verlag London 2013
  • Publisher Name Springer, London
  • eBook Packages Energy
  • Print ISBN 978-1-4471-4786-2
  • Online ISBN 978-1-4471-4787-9
  • Series Print ISSN 2195-1284
  • Series Online ISSN 2195-1292
  • About this book