Role and Responsibilities of Power Exchange in Electricity Markets

  Sumit Saroha,  V.S. Gupta,  Vineet Shekher

After the Electricity Act 2003 this sector reforms have enabled a transition from a vertically integrated private or public monopoly market structure to competitive market and the places like power exchange is created for electricity trading. This short-term trading shall be organized on equitable and efficient platform, Power exchanges. The electricity energy is crucial for the growth of any country, especially for the growth of under developing country like India. Under the boundary condition of Central Electricity Regulatory Commission (CERC) there is a regulatory change that leads to create 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. So this paper presents salient features of PXIL by considering all the issues and regulatory mechanism related to power exchange.

Keywords- Power Exchange, Electricity Market, Power Trading

Unique Identification Number - IJEDR1601008
Page Number(s) - 53-57
Pubished in - Volume 4 | Issue 1 | January 2016
DOI (Digital Object Identifier) -   
Publisher - IJEDR (ISSN - 2321-9939)

  Sumit Saroha,  V.S. Gupta,  Vineet Shekher,   "Role and Responsibilities of Power Exchange in Electricity Markets", International Journal of Engineering Development and Research (IJEDR), ISSN:2321-9939, Volume.4, Issue 1, pp.53-57, January 2016, Available at :http://www.ijedr.org/papers/IJEDR1601008.pdf