Abstract
Evolution of power sector in the last decade was concomitantly sustained by formation of institutions that enhance efficiency through markets by bilateral trading which soon after 2008 through trading on power exchanges (PXs). The Electricity Act (EA) 2003 unbolted the power sector by laying down provisions for promoting competition in the power market. This paper presents a comprehensive framework of PXs-based electricity trading market (comprises of DAM, TAM, RECs, and ESCs), PXs significance in order to enhance the deployment of renewable energy sources (RESs)-based smart microgrids in Indian scenario, and key barriers in larger scale adoption. Further, to validate the significance of PXs-based market, a case study of solar PV-based smart microgrid has been executed, which reduces 40.79% net payable amount as compared to DISCOM, and 32.05% through bilateral per year.
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Acknowledgements
This research work was supported by the Centre of Advanced Research in Electrified Transportation (CARET), Aligarh Muslim University, Aligarh, and Council of Scientific & Industrial Research (CSIR), New Delhi, India.
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Ahmad, F., Alam, M.S., Suri, R., Awasthy, A., Shahidehpour, M. (2018). Power Exchange and Its Significance to Enhance the Deployment of Smart Microgrids in India and Key Barriers in Its Adoption. In: Pillai, R., et al. ISGW 2017: Compendium of Technical Papers. Lecture Notes in Electrical Engineering, vol 487. Springer, Singapore. https://doi.org/10.1007/978-981-10-8249-8_5
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DOI: https://doi.org/10.1007/978-981-10-8249-8_5
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