Abstract
World-wide, many countries and jurisdictions are advancing down the road of electricity privatization, deregulation, and competition. As the deregulation process develops questions are often raised about design of existing markets. Studies and descriptions of market designs are common but it is more difficult to discover the success or failure of initiatives in other countries and markets. Indian power industry restructuring with a limited level of competition, since 1991, has already been introduced at generation level by allowing participation of Independent Power Producers (IPPs). It is felt that the prevailing conditions in the country are good only for wholesale competition and not for the retail competition at this moment. A suitable model is suggested based on the current and future market participants.
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