Financial Transmission Rights—Analysis, Experiences and Prospects

This book presents a systematic and comprehensive overview of financial transmission rights (FTRS) from the perspectives of various countries.

Dr. Tarjei Kristiansen is Head of Power Market Analysis at SN Power Brazil. Prior to joining SN Power he was a Vice President with JP Morgan in London and responsible for German and Nordic power market analysis. Dr. Kristiansen has also worked for the trading company RBS Sempra Commodities, the utility Statkraft and KEMA Consulting in its markets and regulation team. Dr. Kristiansen holds an MSc in Physics from the University of Oslo and a PhD in Electrical Power Engineering from the Norwegian University of Science and Technology. He completed the Fellows Program at the Mossavar-Rahmani Center for Business and Government at the John F. Kennedy School of Government, Harvard University. His PhD focused on risk management associated with transmission congestion including financial transmission rights. He frequently publishes papers on European electricity markets, modeling and financial transmission rights in the US. When he is not analysing and modelling electricity markets, he spends time jogging or reading finance. He can be reached at Tarjei_Kristiansen_2003@alumni.ksg.harvard.edu.Juan Rosellon is tenured Professor at the Department of Economics of the Centro de Investigacion y Docencia Economicas (CIDE) in Mexico City, and Senior Researcher at the German Institute for Economic Research (DIW-Berlin). He has been Visiting Professor at the Technische Universitat Berlin (2010-2011), the Technische Universitat Dresden (2007-2010), and the Kennedy School of Government of Harvard University (2002-2005). Professor Rosellon has published extensively on incentive mechanisms to regulate restructured electricity and natural gas markets, including price-cap methodologies to promote infrastructure investment and addressing strategic behavior by participants with market power. He is member of the Editorial Board of Economics of Energy & Environmental Policy, and is the Editor of Economia Mexicana, Nueva Epoca. Professor Rosellon has been awarded with a Marie-Curie Fellowship from the European Union (2012), the 4th Reimut Jochimsen Prize by the Deutsche Bundesbank (2009), a Georg Forster Fellowship by the Humboldt Foundation (2008), and a Repsol-YPF-Harvard-Kennedy-School Fellowship (2003). He holds a Ph.D in Economics from Rice University (1993). Email address: juan.rosellon@cide.edu; jrosellon@diw.de