MoP’s Group for Development of Electricity Market in India proposes comprehensive solutions to address key issues

The group constituted by the MoP for the “Development of Electricity Market in India” has proposed comprehensive solutions to address key issues. The solutions are aimed at creating an efficient, optimal and reliable market framework to enable the energy transition and integration of renewable energy into the grid. The group has recommended a roadmap outlining interventions for the near, medium and long terms. The interv­entions include setting up a mechanism to monitor whether adequacy of supply is being maintained by state utilities, enhancing the efficacy of the day-ahead market, introducing a market-based mechanism for secondary reserves and implementing five-minute-based metering, scheduling, despatch and settlement.