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Congestion revenue rights

Congestion revenue rights (CRR) are financial instruments, made available through the CRR allocation, CRR auction and Secondary Registration System, that enable CRR holders to manage variability in congestion costs based on locational marginal pricing. CRRs are acquired primarily, although not solely, for the purpose of offsetting integrated forward market congestion costs that occur in the day-ahead market.

 

Process and requirements

Non disclosure agreement

Certain confidential information pertinent to its Congestion Revenue Rights Full Network Model data are available upon compliance with the applicable Submission Instructions and submittal of a non-disclosure agreement. Requesting entities must be members of the Western Electricity Coordinating Council (WECC) or have an approved WECC Base Case Data Request Package prior to requesting access to this data.

Current processes

The CRR processes are separated into two distinct markets; the allocation and auction. Each of these markets award CRRs valid for annual and monthly periods. The allocation markets are open to registered CRR load serving entities while the auction is open to all registered CRR entities that post sufficient collateral.