Work

Electricity trade at exchanges of the world: Contextual analysis of Indian electricity exchanges

Year: 2024

Type: article

Abstract: This study probes the relationship between price and traded volume in electricity exchanges worldwide. Deploying the generalised method of moments estimation on panel data from the day-ahead market of exchanges in 20 countries for the period 2015–2020, this study finds that an increase in the share of exchange-traded electricity in a country's total electricity consumption significantly reduces the price. A critical analysis of the Indian electricity exchanges in this study reveals that even after 13 years of operations, consumers do not derive surplus which is expected from commodity exchanges.

Source: IIMB Management Review

DOI: 10.1016/j.iimb.2024.10.002

Authors: Rajesh Gupta, Atulan Guha

Institution: Indian Institute of Management Kashipur

Language: English

Topic: Electric Power System Optimization

Subfield: Electrical and Electronic Engineering

Field: Engineering

Domain: Physical Sciences

SDG: Affordable and clean energy

Open Access status: gold

Estimated APC paid: $1,200