|Financial Transmission Rights Obligation|
|European Union Electricity Market Glossary|
According to the Commission Regulation (EU) 2016/1719 of 26 September 2016 establishing a guideline on forward capacity allocation - FCA Regulation, Financial Transmission Rights Obligations are (along with Financial Transmission Rights Options) a sub-type of the broader category of Financial Transmission Right (FTR) and denote rights entitling the holder to receive or obliging the holder to pay a financial remuneration based on the day ahead allocation results between two bidding zones during a specified period of time in a specific direction.
The analogous definition of the Financial Transmission Right Obligation is used by Harmonised allocation rules for long‐term transmission rights as stipulated in the Annex to Decision of the Agency for the Cooperation of Energy Operators (ACER) No 03/2017 of 2 October 2017.
Financial Transmission Rights Obligations are regulated in Articles 34 and 35 of the FCA Regulation - see box.
|Last Updated on Thursday, 30 November 2017 08:36|