Market Structure. Any PJM member can participate in the Long Term FTR Auction, the Annual FTR Auction and the Monthly Balance of Planning Period FTR Auctions. PJM oversees the process of selling and buying FTRs through FTR Auctions. Market participants purchase FTRs by participating in Long Term, Annual and Monthly Balance of Planning Period FTR Auctions.5 FTRs can also be traded between market participants through bilateral transactions. ARRs may be self scheduled as FTRs for participation only in the Annual FTR Auction. Total FTR supply is limited by the capability of the transmission system to simultaneously accommodate the set of requested FTRs and the numerous combinations of FTRs that are feasible. For the Annual FTR Auction, known transmission outages that are expected to last for two months or more are included in the model, while known outages of five days or more are included in the model for the Monthly Balance of Planning Period FTR Auctions as well as any outages of a shorter duration that PJM determines would cause FTR revenue inadequacy if not modeled.6 But the auction process does not account for the fact that significant transmission outages, which have not been provided to PJM by transmission owners prior to the auction date, will occur during the periods covered by the auctions. Such transmission outages may or may not be planned in advance or may be emergency outages. In addition, it is difficult to model in an annual auction two outages of similar significance and similar duration in different areas which do not overlap in time. The choice of which to model may have significant distributional consequences. The fact that outages are modeled at significantly lower than historical levels results in selling too many FTRs which creates downward pressure on revenues paid to each FTR.
Market Structure. Any PJM member can participate in the Long Term FTR Auction, the Annual FTR Auction and the Monthly Balance of Planning Period FTR Auctions.
Market Structure. Supply and Demand
Market Structure. Supply. Market participants can also sell FTRs. In the first ten months of the Monthly Balance of Planning Period FTR Auctions for the 2013 to 2014 planning period, total participant FTR sell offers were 4,990,310 MW, up from 4,627,335 MW for the same period during the 2012 to 2013 planning period.
Market Structure. Supply. The principal binding constraints limiting the supply of FTRs in the 2014 to 2017 Long Term FTR Auction include the Monticello – East Winamac flowgate, approximately 120 miles north of Indianapolis, IN, and the Cumberland Ave - Xxxx flowgate, approximately 100 miles north of Indianapolis, IN. The principal binding constraints limiting the supply of FTRs in the Annual FTR Auction for the 2013 to 2014 planning period include the Cumberland Ave – Xxxx flowgate and the Beaver Channel - Albany flowgate, approximately 100 miles north of Springfield, IL. Market participants can sell FTRs. In the 2015 to 2018 Long Term FTR Auction, total participant FTR sell offers were 240,748 MW, down from 316,056 MW from the 2014 to 2017 Long Term FTR Auction. In the 2014 to 2015 Annual FTR Auction, total participant FTR sell offers were 271,368 MW, down from 417,118 MW in the 2013 to 2014 planning period. In the Monthly Balance of Planning Period FTR Auctions for the first seven months of the 2014 to 2015 planning period, total participant FTR sell offers were 2,424,369 MW, down from 3,862,503 MW for the same period during the 2013 to 2014 planning period.
Market Structure. Supply. In the Monthly Balance of Planning Period FTR Auctions for the first 10 months of the 16/17 planning period, total participant FTR sell offers were 3,965,903 MW, down from 4,500,555 MW for the same period during the 15/16 planning period. • Demand. The total FTR buy bids from the Monthly Balance of Planning Period FTR Auctions for the first 10 months of the 16/17 planning period decreased 19.8 percent from 23,243,499 MW for the same time period of the prior planning period, to 18,651,410 MW. • Patterns of Ownership. For the Monthly Balance of Planning Period Auctions, financial entities purchased 74.0 percent of prevailing flow and
Market Structure. Supply. The principal binding constraints limiting the supply of FTRs in the 2017/2020 Long Term FTR Auction include the St. John’s Transformer in Dominion and the Xxxxxxx-Rosewood Line in AEP. The principal binding constraints limiting the supply of FTRs in the Annual FTR Auction for the 2017/2018 planning period include the Bunsonville Flowgate in MISO and the Silver Lake-Silver Lake Line in ComEd. Market participants can sell FTRs. In the 2017/2020 Long Term FTR Auction, total participant FTR sell offers were 208,405 MW, down from 327,980 in the 2016/2017 Long Term FTR Auction. In the 2017/2018 Annual FTR Auction, total participant sell offers were 276,844 MW, down from 378,431 MW in the 2016/2017 Annual FTR Auction. In the Monthly Balance of Planning Period FTR Auctions for the 2016/2017 planning period, total participant FTR sell offers were 4,342,320 MW, down from 4,891,443 MW for the same period during the 2015/2016 planning period.
Market Structure. Supply. The principal binding constraints limiting the supply of FTRs in the 2017 to 2020 Long Term FTR Auction include the St. Xxxx’s transformer in Dominion and the Xxxxxxx-Xxxxxxxx Line in AEP. The principal binding constraints limiting the supply of FTRs in the Annual FTR Auction for the 2016 to 2017 planning period include the Rockwell- Congress Line in AEP and the Xxxxxx Xxxxx-Xxxxxxx Line in AEP. Market participants can sell FTRs. In the 2017 to 2020 Long Term FTR Auction, total participant FTR sell offers were 208,405 MW, down from 327,980 in the 2016 to 2017 Long Term FTR Auction. In the 2016 to 2017 Annual FTR Auction, total participant sell offers were 378, 431 MW, down from 378,744 MW in the 2015 to 2016 Annual FTR Auction. In the Monthly Balance of Planning Period FTR Auctions for the first seven months of the 2016 to 2017 planning period, total participant FTR sell offers were 3,173,126 MW, up from 2,078,673 MW for the same period during the 2015 to 2016 planning period.
Market Structure. 11. The relevant market for Windows-based CAD engines is highly concentrated. Autodesk commands a dominant market share of the Windows-based CAD engines in North America, controlling nearly 70% of the installed base with approximately 1.4 million seats.
12. Among CAD engines in the marketplace for use on Windows-based personal computers, Autodesk’s AutoCAD product is viewed by many in the industry as the de facto standard for Windows-based CAD systems. There are other CAD engines available in the market for use on personal computers, with varying degrees of file compatibility and transferability with AutoCAD, which is necessary to be an effective competitor in this market.
Market Structure. In the event of any changes to any tariffs, rules, ordinances, statutes, laws, regulations, changes in methods of calculations, or procedures of Customer's Utility, or of the RTO and electric power transmission networks used by ABC and/or ABC’s suppliers to deliver electricity to Customer that increase ABC’s cost of providing service hereunder, then ABC may pass through such cost increase to Customer. If ABC determines, in its sole discretion, that such changes prevent ABC from effectively or economically performing under this agreement, then ABC may terminate this agreement upon 30 days written notice.
