Research On Applicability Of Financial Transmission Right Market

As a tool of evading market risk, financial transmission right offers a resolvent totransmission congestion from a bran-new angle. This paper summarizes the regulation ofAmerican FTR market, systematically analysis the mechanism of its risk evading,auction rules and revenue adequacy problem, also its advantages and disadvantages.Compare various trading products of financial transmission right. Bring relatively amplyanalyse in allusion to the FTR's distinct influence at the field of market power andtransmission investment in electricity market, and give some supervisory measures.According as above analyse, study the applicability of financial transmission rightmarket from the aspects of basic condition and different trading products and so on, andcombining intending development of regional electricity market in china, discuss theapplicability of financial transmission right market in china.