Empirical analysis of electricity exchange-traded market prices: Evidence from India

Gupta, Sonal, Chakrabarti, Deepankar and Kumar, Rupesh (2023) Empirical analysis of electricity exchange-traded market prices: Evidence from India. In: Oil, Gas & Energy Quarterly. Matthew Bender, New York, pp. 591-614. ISBN 9780820515205

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Electricity use is indispensable for the economic growth and sustainable development of any country. Electricity supply is instrumental to economic growth, and its consumption affects all areas of development, including social, economic, and even individual livelihoods. In any case, the test is to deal with the power market. The Indian power market is creating, with restricted admittance to recognize and fates markets, crude trades, and unstructured exchanging instruments (Roy and Basu, 2020). The institution of the Electricity Act 2003 has changed the Indian power market, into a cutthroat, proficient, and straightforward instrument (Ahmad and Alam, 2019), with expanded sustainable joining prerequisites. Because of these progressions in the market structure, power costs have become erratic, and the electrical lattice has become shaky. These progressions uncover the electric utilities, power makers, and brokers to different sorts of dangers, for example, market risk, counterparty credit chance, and liquidity risk (Bunn et al., 2016). Subsequently, power markets should be created by moving concentration from Long-term agreements (25 years) to Short-term or Medium-term contracts (7-8 years) (Kujur, 2017). In Europe, volumes exchanged on momentary business sectors range from 23% to 88 percent in 2015. In India, it represents around 10.48 percent of complete power utilization (just 3.63 percent exchanged over trades) (CERC, 2021).

Item Type: Book Section
Subjects: Social Sciences and humanities > Social Sciences > Social Sciences (General)
JGU School/Centre: Jindal Global Business School
Depositing User: Amees Mohammad
Date Deposited: 14 Jul 2023 04:42
Last Modified: 14 Jul 2023 04:42
URI: https://pure.jgu.edu.in/id/eprint/6315


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