Panel of experts proposes plan to revamp Indian Power Market
POWER & RENEWABLE ENERGY

Panel of experts proposes plan to revamp Indian Power Market

A panel of experts appointed by the Ministry of Power has suggested comprehensive solutions to tackle key issues in India's electricity market such as long-term contracts, resource adequacy planning, and increasing the proportion of renewable energy in the overall energy mix. The objective is to establish an efficient, optimal, and dependable market framework that would facilitate the transition to renewable energy and its integration into the grid.

The proposed measures involve demand response and aggregation, fortifying market monitoring and surveillance activities, and introducing a regional-level balancing system for managing deviations. The panel is led by the Power Secretary and comprises representatives from different ministries, regulatory bodies, and state governments. The group has submitted its report to R K Singh, Union Power Minister, outlining a roadmap and specific recommendations for redesigning India's electricity market of the future. The roadmap includes interventions for the near, medium, and long term, such as setting up a mechanism to monitor supply adequacy, improving the efficiency of the Day-ahead Market, implementing a market-based mechanism for secondary reserves, and introducing 5-minute-based metering, scheduling, dispatch, and settlement.

Singh stressed the need to secure the most effective power generation capacity while devising capacity contracts and concurred with the recommendation of long-term power purchase agreements lasting 12-15 years. He proposed that new renewable capacity expansions should use the Contract for Difference methodology to ensure competitiveness and transparency.

As per the latest figures, the total traded volume in the Indian electricity market in 2023 was only a small fraction of the energy produced from all sources. The peak demand for electricity in 2022-23 was 215.8 GW, projected to rise to 335 GW by 2030.

Also read:
Torrent Power forms TU14 for power generation and trading
Godrej & Boyce expands its portfolio, secures Rs 20 bn


A panel of experts appointed by the Ministry of Power has suggested comprehensive solutions to tackle key issues in India's electricity market such as long-term contracts, resource adequacy planning, and increasing the proportion of renewable energy in the overall energy mix. The objective is to establish an efficient, optimal, and dependable market framework that would facilitate the transition to renewable energy and its integration into the grid. The proposed measures involve demand response and aggregation, fortifying market monitoring and surveillance activities, and introducing a regional-level balancing system for managing deviations. The panel is led by the Power Secretary and comprises representatives from different ministries, regulatory bodies, and state governments. The group has submitted its report to R K Singh, Union Power Minister, outlining a roadmap and specific recommendations for redesigning India's electricity market of the future. The roadmap includes interventions for the near, medium, and long term, such as setting up a mechanism to monitor supply adequacy, improving the efficiency of the Day-ahead Market, implementing a market-based mechanism for secondary reserves, and introducing 5-minute-based metering, scheduling, dispatch, and settlement. Singh stressed the need to secure the most effective power generation capacity while devising capacity contracts and concurred with the recommendation of long-term power purchase agreements lasting 12-15 years. He proposed that new renewable capacity expansions should use the Contract for Difference methodology to ensure competitiveness and transparency. As per the latest figures, the total traded volume in the Indian electricity market in 2023 was only a small fraction of the energy produced from all sources. The peak demand for electricity in 2022-23 was 215.8 GW, projected to rise to 335 GW by 2030. Also read: Torrent Power forms TU14 for power generation and tradingGodrej & Boyce expands its portfolio, secures Rs 20 bn

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?