Finessing India’s Power Market Design to be More Competitive
A new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) looks at the benefits and potential roadblocks to implementation of these key reforms and argues that they are important steps towards transforming India’s power sector into a low-emissions, low-cost and profitable part of the economy. The note also discusses the second progressive market development: the Central Electricity Regulatory Commission’s (CERC) draft regulations for procurement, deployment and payment of ancillary services to maintain the grid frequency at 50 Hertz.
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