A Paper ON Bidding Strategy in an Open Access of Indian Electricity Power Market: An Overview and Key Issues

Vol.6 No.1

Year: 2012

Issue: Jul-Sep

Title: A Paper ON Bidding Strategy in an Open Access of Indian Electricity Power Market: An Overview and Key Issues   

Author Name: V.Madhu Sudana Reddy, B. Subramanyam   

Synopsis:   

The main intention of Bidding strategies is to run the system in free and fair manner with desired quantity of power to the consumer’s at most economical price through safe, secure and reliable operation of the power system. Bidding arrangement is properly designed in every country to take care of other abuse of market; these arrangements are kept on changing from time to time depending on the requirement for transparent and non-discriminatory electricity market. In this paper Bidding Strategy of Indian Power Markets, important Key Issues, Electricity Act’s and Challenges in this field are analyzed and also explain about calculation of MCP (Rs/MWh) and Volume (MW) with the help of IEX on-line data.