Impact of Electricity Trading through Power Exchange of India
Archana Singh1, K. G. Upadhyay2
1Archana Singh, Assistant Professor, Department of Electrical Engineering, Harcourt Butler Technological Institute (HBTI) Kanpur (Uttar Pradesh)- 208002, India.
2K. G. Upadhyay, Prof. & Head, Department of Electrical Engineering, Madan Mohan Malaviya University of Technology (MMMUT), Gorakhpur (Uttar Pradesh)-273016, India.
Manuscript received on 23 November 2016 | Revised Manuscript received on November 2016 | Manuscript published on 30 November 2016 | PP: 1-4 | Volume-5 Issue-5, November 2016 | Retrieval Number: D1625095416©BEIESP
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Abstract: There is dependency on voluntary agreements for electricity trading in India as well as in various other developed countries. In developed countries, private initiatives are taken to standardize the commodities contracts which play an important role in increasing the trading volume to improve efficiency in overall. For electricity trading, workable spot market is necessary to develop competitive financial contract and so establishment of a viable National Power Exchange under the decentralized trading arrangement concept is formalized to obtain the least impact on existing procedures and practices for the regional system operators and states. In the paper materializing short-term trading in the spot market year wise with power exchange has been elaborated.
Keywords: Electricity Act2003, Power trading, Herfindahl Hirschman index, Indian Energy Exchange.
Scope of the Article: RF Energy Harvesting