Energy & Science
India Seeks Power Market Overhaul to Absorb More Renewables
- Power ministry seeks stakeholders’ feedback on draft policy
- New system expected to bring cost benefits for power users
A solar plant in Surajpur, Uttar Pradesh, India.
Photographer: Prashanth VishwanathanThis article is for subscribers only.
India is considering changing the way electricity is bought and sold in the country, proposing a mechanism that makes it easier to absorb more renewable energy into the national grid and brings down power costs for buyers and users.
The so-called market-based economic dispatch will replace the current system of bilateral power purchase arrangements between buyers and power producers, giving retailers access to a nationwide pool of generators, the power ministry said in a draft note on its website. The proposal aims to ensure a smooth flow of renewable energy into the grid.