The Electricity Act, 2003 was a landmark legislation which has firmly put India on a fast track path towards energy sector reforms. The principal aim of the Act is to foster competition in the electricity industry, across the value chain. The Act has, fo
After the thorough study of the present market, we learned that there isn't much scope for the general public to become aware of the regulations which guide the power sector of our country. In fact, even people working in the power sector, like those who are related to power generation, transmission, distribution, operation and maintenance, etc, but not directly related to power business and regulatory matters, are ignorant of such various rules and regulations. Current power market is consumer-driven, and hence it is very important on the part of the consumers and other utilities to have knowledge about these regulations in order to maximise their output, enhance their profit, and in the same place shielding themselves from various kinds of gaming by other competing utilities. The one who has full knowledge of such rules and regulatory matters can efficiently manage their business, extracting maximum gain in this competitive market and will rise to become the final champion in the market. This book starts from the genesis of power industry in India, covering in its path the Electricity Act and earlier legislations and legal background, overview of the Indian Power Sector, Role which the Regulators play in efficient running of this sector, Indian Electricity Grid Code, Presence of Load Despatch Centres and their functions, scenario of Open Access in power Sector in India, Tariff determination and its structure, Power Exchange, evolution and expansion of Renewable Energy Sector in India and efficient energy management. The aim of writing this book is to reach out to more and more people. This book will be of great help to power industry professionals, who will finally know what their effort is finally yielding to. Thus it will increase their interest as well as efficiency. Each step is interlinked, so the final profit will be the compound gain of each individual step. The book will also be useful to aspiring power engineers and power management students, who can have a broad outlook of the Indian Power Sector as a whole. Lastly, the general public will also be benefitted as they are the one who ultimately pays
Growing urbanization and the resultant rise in the demand for electricity have increasingly made second generation power sector reforms critical for economic growth. Undertaking a comprehensive analysis of the electricity policy, this book reviews its regulation and performance, and argues for healthy competition, better customer focus, and efficient distribution of electricity.
Critique of the US Electricity Industry. Analysis of derailed industry deregulation initiatives. Sketches a new, competitively structured Energy Policy Template.
This market study analyses Ukraine's electricity sector from a competition perspective. It provides a detailed description and assessment of the regulatory framework within which the Ukrainian electricity markets operate, as well as an analysis of the obstacles to competition in the wholesale and retail markets. This report includes recommendations to address the underlying causes of ineffective competition that, if implemented in the recovery phase following Russia's war of aggression against Ukraine, can contribute to achieving a well-functioning, competitive electricity sector.
After 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience suggests that in nearly all cases, initial market reform leads to unintended consequences or introduces new risks, which must be addressed in subsequent “reform of the reforms. Competitive Electricity Markets describes the evolution of the market reform process including a number of challenging issues such as infrastructure investment, resource adequacy, capacity and demand participation, market power, distributed generation, renewable energy and global climate change. Sequel to Electricity Market Reform: An International Perspective in the same series published in 2006 Contributions from renowned scholars and practitioners on significant electricity market design and implementation issues Covers timely topics on the evolution of electricity market liberalization worldwide
This study proposes a novel analytical approach for modeling market structures of the power sector, presenting evidence from statistical analysis and a sample of twenty case studies.
The reform of the electricity supply industry is gathering pace in many countries. Independent regulatory agencies and other regulatory bodies have been created, and regulatory responsibilities redefined. This book reviews the evolving institutional structures to regulate the electricity supply industry in IEA member countries.
The Electricity Act, 2003, was a landmark legislation aimed at reforming the Indian electricity industry. It facilitated the transition from a government-owned to a freely competitive regime. A competitive electricity market is as exciting as it is comple
As a part of electricity sector reforms in India, various initiatives have been taken to bring competition in the wholesale electricity market in India (WEMI). As electricity has characteristics of extremely variable price-inelastic demand, considerable short-run capacity constraints and unusually costly storage, firms with very small market shares may have significant market power. The wholesale electricity markets are more susceptible to exercise of market power due to large generation capacities normally owned by small number of firms and concentrated ownership in small geographic areas within the region. For measuring competition and market power in WEMI, concentration ratio, HH index, supply margin assessment, residual supply index and lerner index have been used. The prices of electricity trading through power exchange, UI and bilateral contracts have also been analysed to examine the possibility of exercise of market power in WEMI. The results of the study indicate possibility of existence of market power and its exercise to increase the electricity prices in WEMI. The study suggests various policy recommendations to increase the competition and curb market power in WEMI.