PJM seeks to limit zero-cost FTRs to prevent revenue shortfalls, credit risk

摘要

PJM Interconnection wants to change its rules to clearnzero-cost financial transmission rights only if they involve ancongestion constraint.n”PJM seeks implementation of the proposed revision to eliminatenunnecessary bids that provide no congestion hedge or marketnliquidity, and that otherwise present a significant risk to FTR revenuenadequacy and credit,” said the August 4 proposal filed with FERCn(ER11-4228). While the “actual impact of zero-cost FTRs has historicallynbeen small, the future impact could be tremendous.”