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Electricity prices determinants: India's perspective

Author

Listed:
  • Sonal Gupta
  • Deepankar Chakrabarti
  • Hiranmoy Roy

Abstract

A robust trading system is vital to promote competition in the Indian electricity market. In India, the exchange trading market is still at an incipient stage, despite being the best option for innovation, due to the presence of high volatility huge losses are incurred by the power market participants such as power generators and distribution companies. Hence, a descriptive research was conducted to identify the major factors leading to the periods of spikes and jumps in the Indian energy exchange's day-ahead market (DAM) prices of all the regions (north, south, east, west and north east) from August 2008 until June 2017. It was found that the major factors affecting DAMs prices are regulatory, weather, fuel supply, transmission congestion; power plant outages/new plants operational, frequency and reservoir levels. This study will encourage the stakeholders to further model and forecast prices devising profit maximisation techniques thereon.

Suggested Citation

  • Sonal Gupta & Deepankar Chakrabarti & Hiranmoy Roy, 2020. "Electricity prices determinants: India's perspective," International Journal of Business Excellence, Inderscience Enterprises Ltd, vol. 20(4), pages 549-560.
    • Handle: RePEc:ids:ijbexc:v:20:y:2020:i:4:p:549-560
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