Energy trading mechanisms in India: A comprehensive analysis of market structure, regulatory framework, and future prospects
Lecturer, Electrical and Electronics Engineering, H.M.S. Polytechnic (Government. Aided), Tumkur. Karnataka, India.
Research Article
World Journal of Advanced Research and Reviews, 2019, 01(01), 118-145
Article DOI: 10.30574/wjarr.2019.1.1.0145
Publication history:
Received on 02 February 2019; revised on 10 February 2019; accepted on 22 February 2019
Abstract:
The energy trading landscape in India has undergone significant transformation since the liberalization of the power sector. This research paper examines the evolution, current state, and future prospects of energy trading mechanisms in India through eight comprehensive sections. The study analyzes the regulatory framework, market structures, trading platforms, pricing mechanisms, renewable energy integration, challenges, international comparisons, and future trends. Key findings indicate that while India has established robust energy exchanges like IEX and PXIL, challenges remain in terms of market liquidity, regulatory coordination, and renewable energy integration. The paper contributes to understanding the complexities of India's energy trading ecosystem and provides insights for policymakers and market participants.
Keywords:
Energy trading; Power markets India; Electricity exchange; Renewable energy; Market mechanisms
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