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| 1 |
ID:
171374
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| Summary/Abstract |
Regional electricity cooperation in South Asia, especially between Bhutan, Bangladesh, India and Nepal (BBIN), has been under debate recently. Recent discussions have gone beyond bilateral electricity trade to regional or tripartite trade. With limited energy resources and rapidly rising demand, cross-border electricity trade has been viewed as an alternative source of cleaner and lower price electricity supply in the long-term alongside domestic generation in Bangladesh. In this context, this study identifies barriers and opportunities for electricity trading for Bangladesh, focusing on the stakeholders’ perceptions. Theses stakeholder are representatives of public organizations in the power sector, Independent Power Producers, academia, geopolitical experts and research institutes. A well-structured SWOT analysis, in combination with Analytical Hierarchy Process (AHP), is used to identify the SWOT factors and subsequently rank them. Our analysis shows that the weaknesses and threats are more pronounced than strengths and opportunities for electricity trade from the viewpoint of Bangladesh. Several possible strategies are proposed to overcome the hindrances. Among the proposed strategies, a key strategy is the signing of a trilateral electricity trading agreement with joint development and implementation of cross-border power projects. However, to achieve these strategies, it will require meticulous planning, political will, and visionary leadership across BBIN sub-region.
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| 2 |
ID:
162717
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| 3 |
ID:
183564
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| Summary/Abstract |
In India, short term electricity market realises on power exchanges to trade standard contracts on intraday and day ahead horizon. In the absence of contracts on real time horizon, market participants often used to exploit frequency based grid balancing mechanisms. This led to the concerns on grid safety and security. Therefore, to address this issue, the policy makers formulated ‘Real Time Market (RTM)’ to offer contracts on real time horizon. RTM was introduced in 2020 and in the short span of time, it has attracted significant liquidity to become second highest avenue in terms of number of transactions taken place. This paper elaborates on these developments and narrows down its scope gradually. First, the paper briefly provides an overview of short term electricity market in India inter alia describing power trading and power exchanges. The paper then elaborates on the erstwhile issues of real time power procurement and misappropriation of deviation settlement mechanism and ancillary services by the market participants. The paper while discussing these, derives the necessity of RTM and opportunities which it offers. In last, paper provides a short term assessment of RTM and concludes it with few policy recommendations.
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