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Amongst the commonly employed transmission pricing philosophies in the decentralized markets, i.e., point-to-point and point-of-connection (POC), the later one can be employed for both power exchange (PX) and bilateral trades. POC methodology charges a single rate per MW, depending upon the point of connection. The methodology though apparently simple, easy to implement and understand, entails the...
The need for restructuring the power sector was felt due to the scarcity of financial resources available with Central and State Governments, and necessity of improving the technical and commercial efficiency. Electricity Act 2003 has come into force from June 2003. As the act allows third party sales, it introduces the concept of trading bulk electricity. The act also provides open access to transmission...
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