DocumentCode
736043
Title
Impact of sub-hourly bidding in power exchanges in India
Author
Barpanda, S.S. ; Saxena, S.C. ; Dey, Kaushik ; Pawan Kumar, K.V.N.
Author_Institution
Power Syst. Oper. Corp. Ltd. (POSOCO), New Delhi, India
fYear
2015
fDate
27-28 March 2015
Firstpage
1
Lastpage
5
Abstract
Multiple Power Exchanges were introduced in India in 2008 and began with an hourly bidding structure. This paper details the impact of 15 minute bidding introduced in Power Exchanges in India from April, 2012 on the portfolio management of utilities. A literature survey of international practices has also been carried out. It is observed that the 15 minute bidding has modified the scheduling pattern, ramping behaviour, portfolio management of state utilities, price discovery and helped in integration of renewable energy in the Indian Electricity Market.
Keywords
financial management; power markets; tendering; India; electricity market; portfolio management; power exchanges; price discovery; renewable energy; state utilities; Contracts; Generators; Portfolios; Power markets; Renewable energy sources; Scheduling; Bidding; Integration of Renewables; Power Exchange; Sub-Hourly Market;
fLanguage
English
Publisher
ieee
Conference_Titel
Energy Economics and Environment (ICEEE), 2015 International Conference on
Conference_Location
Noida
Print_ISBN
978-1-4673-7491-0
Type
conf
DOI
10.1109/EnergyEconomics.2015.7235075
Filename
7235075
Link To Document