On Mon, May 16, 2011 at 8:42 AM, Abhijit Menon-Sen <a...@toroid.org> wrote: > > (I happen to be doing some work in this area, so…) > > Another thing that smallish industrial units (including several textile > mills in Tamil Nadu) are doing is bidding for electricity on the Indian > Energy Exchange (iexindia.com). That way, they can hedge their bets: if > the market clearing price for power is lower than the cost of running a > diesel generator, they save money. If they have to run the generator, > then in principle, they can even sell any surplus power they generate > during that period. The minimum volume is 1MW, but in practice, some > people buy even less and nobody objects. > > Aside: "exchange" power was very expensive in Tamil Nadu in the run-up > to the elections (4-5x the prices elsewhere in the country). Fascinating. Does one need to be a producer of electricity to participate in an energy exchange ?
-Tarun PS: Apologies for the thread drift
