Market Models and Operating Mechanism for Renewable Energy Enabled Indian Electricity Market
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(2020) 5:23
ORIGINAL PAPER
Market Models and Operating Mechanism for Renewable Energy Enabled Indian Electricity Market Jyothi Varanasi 1
&
Madan Mohan Tripathi 1
Received: 29 June 2020 / Accepted: 26 November 2020 # The Author(s), under exclusive licence to Springer Nature Singapore Pte Ltd. part of Springer Nature 2020
Abstract The restructuring process of the electricity industry has driven the competitive environment to such an extent that a reliable supply of good quality and clean energy at a reasonable price as per the demand of the consumer has become a reality. However, such constraints lead to a very complex system with large scale integration of renewable energy (RE) generation throughout the grid in a distributed manner. This situation leads to search for new market models and improved operating mechanisms to run the electricity market. The aim of the work is to propose several market models and an improved operating mechanism for reliable operation of the RE enabled electricity market in India. The above said market models are developed and proposed after thorough understanding of various operations in present Indian electricity market, the status of renewable energy in India especially the growth of both solar and wind energies, various state government policies in the promotion of renewable energy, the demand of different consumers and renewable energy policies in developed countries. The proposed models are also compared in terms of their benefits and limitations to identify their suitability to RE enabled Indian electricity market. Keywords Renewable energy . Market model . Operating mechanism . Bidding . Restructured electricity market . Consumer
Important Terminology in Indian Electricity Market PGCIL ISO SEB MNRE NLDC SLDC RLDC CTU CERC SERC PX SC UI PPA REMC NTP
Power Grid Corporation of India Limited Independent system operator State Electricity Board Ministry of new renewable Energy National Load dispatch centre State Load dispatch centre Regional Load Dispatch centre Central Transmission Utility Central Electricity Regulatory Commission State Electricity Regulatory Commission Power Exchange Scheduling Coordinator Unscheduled interchange mechanism Power Purchase Agreements Renewable Energy Management Centre National Tariff Policy
RPO FITs RES REC NAPCC CEA FERC CFD ADR BRP CGU SGU IPP SDU DISCOM MCP
Renewable Purchase Obligation Feed in Tariffs Renewable Energy Sources Renewable Energy Certificate National Action Plan for Climate Change Central Electricity Authority Federal Energy Regulation Commission Contract for Differences Alternative Dispute Resolution Balance Responsible Parties Central Generating Utility State Generating Utility Independent Power Producer State Distribution Utility Distribution Company Market clearing price
Introduction * Jyothi Varanasi [email protected] 1
Electrical Engineering Department, Delhi Technological University, Delhi, India
The world is already seeing the consequences of 10 C rise in temperature above pre-industrial levels through more
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