Nexant iHedge™ FTR Market Simulator performs auction clearing calculations for Congestion Revenue Rights (CRR) markets, including those conducted at ERCOT. The iHedge Simulator faithfully models all CRR bid/offer types and periods supported by ERCOT. It assists in the development of bidding strategies by performing authentic simulations of the auction clearing processes and by providing more detailed information about congestion paths, prices and awards. It facilitates the recreation of past CRR auctions and the analysis of future auction scenarios from published ERCOT data, so users can introduce simulated bid and other data variants. The iHedge Simulator is a proven decision support application for market participants acquiring or disposing of these financial instruments in ERCOT auctions.