Financial transmission rights

Ensuring arrangements are fit-for-purpose

Upcoming Open Closed Decision
View submissions Submissions closed 4 July 2022
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Consultation

From 24 May to 4 July 2022, we consulted on whether the FTR market settings are fit-for-purpose. We would like to thank submitters for their input and perspectives. We received 17 submissions which are available below.

After considering submissions and conducting further analysis, we released a decision paper on 6 June 2023. We found that the FTR market is working broadly as intended to assist market participants to manage their locational price risk, although questions remain around the efficiency of the funding design.

We will conduct further analysis to determine whether using both loss and constraint excess and auction revenue to fund the FTR market is to the long-term benefit of consumers.

Issues paper

FTR market observations: Ensuring arrangements are fit-for-purpose - issues paper

FTR market observations: Ensuring arrangements are fit-for-purpose - issues paper

We are reviewing the Financial transmission rights (FTR) and Loss and constraint excess (LCE) policy settings because there are concerns that FTRs are not effectively addressing the problems they were created to solve. This issues paper sets out initial observations from the review of the current FTR and LCE allocation policy settings.

24 May 2022

Submissions

Download all submissions (.zip)