Focus on India: Power market regulation

Elephant leg

Progress towards competitive power markets in India has been painfully slow up to now, but regulation at the start of this year that, among other things, clarifies trading on the two recently established power exchanges, could be the kick-start that is needed, say market experts.

This regulation builds on the reforms introduced by India’s Electricity Act of 2003, which restructured the monopoly state electricity boards (SEBs) separating generation, transmission and distribution. Open access to t