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Three-tier market model for restructuring Indian power sector
Published in
2009
Volume: 89
   
Issue: MARCH
Pages: 36 - 39
Abstract
Electricity sector in the countries all over the world have undergone deregulation and restructuring in order to have efficient operation and introduce privatization. Indian power industry is also undergoing reformation at a rapid rate. In this transition phase, it is now essential to design the most appropriate market suitable for the country. In this article a restructured electricity market model particularly suitable for Indian power market is proposed which is based on the institutional frame work the Indian Electricity Act 2003 (EA2003). The key issues related to the EA 2003 are discussed and the structure of country's power grid is described. This article explains the activities of proposed three-tier market model and the entities involved in the trading.
About the journal
JournalJournal of the Institution of Engineers (India): Electrical Engineering Division
ISSN00203386
Open AccessNo
Concepts (17)
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    Electricity act 2003
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    ELECTRICITY MARKET MODEL
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    ELECTRICITY SECTOR
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    Frame-work
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    MARKET MODEL
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    Open access
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    Power grids
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    Power industry
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    Power markets
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    Power sector
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    RAPID RATE
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    RESTRUCTURED ELECTRICITY MARKETS
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    Restructuring
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    TRANSITION PHASE
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    Deregulation
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    Privatization
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    Commerce