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Business Requirements Specification Congestion Revenue Rights Auction Efficiency Track 1A Document Version: 2Date Created: 4/5/2018 Initial: Use Initial sign off section Final: Use Final sign off

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How to fill out congestion revenue rights auction

01

Start by reviewing the instructions provided for the congestion revenue rights auction.

02

Gather all the necessary information and documents that will be required to fill out the auction form.

03

Fill out the auction form accurately, providing all the relevant details such as the quantity of revenue rights desired, the specific transmission paths to be covered, and any bid price limits.

04

Double-check the completed form for any errors or missing information.

05

Submit the filled-out auction form before the specified deadline.

06

Await the results of the auction and any further instructions from the concerned authority.

Who needs congestion revenue rights auction?

01

Congestion revenue rights auctions are typically needed by electricity market participants, such as generators, load-serving entities, and marketers, who are interested in managing congestion risks and obtaining rights to collect potential congestion revenue.

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What is congestion revenue rights auction?

Congestion Revenue Rights Auction is a market-based mechanism that enables market participants to manage congestion costs in the electricity market.

Who is required to file congestion revenue rights auction?

Market participants or entities participating in the electricity market are required to file congestion revenue rights auction.

How to fill out congestion revenue rights auction?

To fill out congestion revenue rights auction, market participants must submit their bids for the rights to manage congestion costs.

What is the purpose of congestion revenue rights auction?

The purpose of congestion revenue rights auction is to allocate the rights to manage congestion costs efficiently and fairly among market participants.

What information must be reported on congestion revenue rights auction?

Market participants must report their bids for congestion revenue rights, as well as any relevant market data.

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