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conference paper not in proceedings
Evolution of Transmission Rights in the European Electricity Market
2009
In the European electricity market, transmission rights currently evolve from a physical to a financial nature. This requires a fundamental change in the underlying market design and the institutional setup. This paper applies the framework of congestion revenue rights (CRRs) to physical and financial transmission rights, which allows a comprehensive view on the issue, including financial regulation. Based on this framework, two options for transmission price hedging in an integrated European electricity market are discussed.
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Name
0905_ENERDAY_CRR-FTR_Duthaler.pdf
Access type
openaccess
Size
92.75 KB
Format
Adobe PDF
Checksum (MD5)
2137e853619b48a1ae8e06e000c97824