Whilst financial rights have appeared as a successful ingredient in North-American power markets, they have their shortcomings both theoretically and in practice. 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.