Market Based Economic Dispatch

On 8th October, 2021, Central Electricity Regulatory Commission (CERC) released the Framework for Implementation of Market Based Economic Dispatch (MBED) – Phase1 for lowering the cost of power purchase to Consumers.

Need

  • With success in generation capacity additions over the past few years and a well-integrated national electricity grid, the time is right to move towards optimising the operation of generating plants in the country to deliver benefits of reduced operating costs to the distribution utilities and end consumers.
  • A robust day-ahead market will also form the basis for transitioning away from the country’s over-dependence on longer-term PPAs to sustainable ....
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