Deadline: 27-Jul-2019 at 11:59:59 PM (Eastern Time – Washington D.C.)
The three priority areas that need to be addressed are: increase liquidity in the short-term trade; adequate mechanisms to support integration of large scale variable renewable energy (VRE) and inclusion of frequency control ancillary services (FCAS) in the wholesale market. The Ministry of Power, Government of India, has therefore decided to prepare a Roadmap for Developing the Wholesale Power Market in India with a focus to assess the current power market scenario in India, review of international experience and prepare a phased plan to support the transition of Indian power market. This transition is expected to cover all three facets discussed briefly above, namely, (a) enhance the volume and percentage of trade in the short-term market relative to long-term counterparts while moving from a regulated regime to a near real-time, (b) support the overall objective of increasing the mix of green energy in the grid and optimizing dispatch, and (c) develop co-optimized FCAS market to ensure the market retains the security of the power system. The assignment would also cover design of appropriate financial instruments to support the new market mechanism and replace traditional power purchase agreements (PPA)/Feed-in Tariffs for renewables and the related policy and regulatory changes. The Ministry of Power has requested the World Bank to support this activity.