Congestion revenue rights

Congestion Revenue Rights (CRR) are financial instruments, made available through allocation and auction processes, that enable rights holders to manage congestion cost variability based on locational marginal pricing. These rights are acquired primarily for offsetting congestion costs that occur in the day-ahead market. Prior to being given access to the Congestion Revenue Rights system, all entities must complete the registration and qualification process regardless of whether they wish to acquire the rights by allocation, auction or the secondary market.