Why have an FTR Auction?

• Facilitates a more robust and liquid market for transmission entitlements

• Allows PJM Market Participants to submit bids to purchase residual entitlements and to submit offers to sell existing entitlements

• Maximizes efficiency of FTR trading by providing automatic reconfiguration of FTRs

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• Here are some reasons why PJM is implementing the FTR auction.

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