FTR

FTR is an acronym that can refer to several different concepts depending on the context. Two of its most common uses are in energy markets and in professional wrestling, though the term appears in other domains as well.

In energy and financial markets, FTR stands for Financial Transmission Rights. These are financial instruments used to hedge or speculate on transmission congestion costs in electricity markets. An FTR holder earns a payoff when price differences between two locations on a grid are favorable, effectively monetizing transmission capacity without guaranteeing physical flow. FTRs are typically allocated through market-based auctions conducted by regional grid operators or independent system operators, such as PJM, NYISO, or CAISO. They can take the form of options or obligations and are designed to manage risk associated with grid constraints rather than to ensure physical transmission. Settlements are usually monetary.

In professional wrestling, FTR refers to a tag team in All Elite Wrestling comprised of Dax Harwood and Cash Wheeler. The team is known for its technical in-ring style and has been a prominent act in AEW since its formation. The exact origin or meaning of the name has not been officially confirmed; commentators and fans have proposed various interpretations or backronyms, but there is no canonical explanation.

Beyond these uses, FTR can function as an acronym for other phrases or organizations in different industries or regions. The intended meaning is generally determined by the surrounding context, so consulting domain-specific sources is helpful when encountering the term.