CERC India Discussion Paper: Sandboxing - Power System and Cost Optimization via Market Coupling
The views presented in this paper are circulated with CERC's staff with the aim of initiating discussions on various aspects of market coupling in the Indian power market and soliciting inputs from the stakeholders.
Some of the key insights of the paper:
- Market Coupling matches bids from all Power Exchanges to find uniform MCP, considering bid types and market splitting and there by promoting competition
- Objective in India’s context is to achieve discovery of a uniform MCP, optimal use of transmission infrastructure & maximization of economic surplus. stakeholders submitted suggestions
- Regard to recommendations of the expert committee and the provisions in PMR 2021, CERC issued a Staff (Discussion) Paper. 127 stakeholders submitted suggestions
- Commission conducted simulations using stakeholder feedback and Bid data to assess market coupling benefits.
- Ordinance for running shadow pilot is passed.
