Investigation and Analysis of Indian Power Grid after Regulatory Reforms & Dynamic Pricing

Indian power system is now a national grid with 156GW of grid capacity and approximately 19.5GW of captive generation. It has passed the horrible operation phase of last decade of the twentieth century. Though the growth rate of capacity is still trying to chase the growth rate of the load since very long but the operation and control of the system has became smooth. The obvious credit goes to restructuring and concurrent regulations encouraging discipline in the operation and control of the system. In the process of transformation structural as well as policy both the types of amendments played their role. A new kind of environment is created in the system through the new tariff structure referred as Availability Based Tariff and competition is created opening the way for further growth of the system to initiate activities suitable to well developed power markets. This paper investigates into operation of the grid in the light of performance indices of the power systems after regulatory reforms and restructuring at the central as well as state level. KeywordsAvailability Based Tariff, Dynamic Tariff, Competitive Power Market, Open Access, Power Trading, Regulatory reforms, Unscheduled Interchange.