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International Journal of Scientific and Engineering Research
ISSN Online 2229-5518
ISSN Print: 2229-5518 10    
Website: http://www.ijser.org
scirp IJSER >> Volume 2, Issue 10, October 2011 Edition
Power Exchanges a Boon or Bane: A Case- Study of Indian Power Sector
Full Text(PDF, 3000)  PP.  
Vebhav Gupta
MCP (Market clearing price), IEX (Indian Energy Exchange), PXIL (Power Exchange of India Ltd), CERC (Central Electricity Regulatory Commission), UI (Unscheduled Interchange), PTC (Power Trading Corporation
Electricity brought about during the last few years in various power markets around the world have revolutionized the way in which the markets have typically viewed electricity. Electricity sector reforms have enabled a transition from a vertically integrated private or public monopoly market structure to one of competitive wholesale and retail mechanism with market places like power exchange. The instantaneous and perishable nature of electricity and the sporadic demand -supply mismatch at geographical level calls for a market place where surpluses can be disposed off efficiently or a real time basis to optimize resource allocation on short term bases. This short-term trading shall be organized on a transparent, equitable and efficient platform, Power exchanges .Energy is crucial to any country, especially a rapidly developing one such as India. Regulatory changes has led to creation of Indian Energy Exchange (IEX) &Power Exchange of India Ltd. (PXIL), a vibrant, transparent market on which buyers and sellers can trade electricity contracts and meet the diverse needs of their consumers nationwide.
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