Title: Electricity trade at exchanges of the world: Contextual analysis of Indian electricity exchanges

Author (s):: Gupta R.; Guha A.

Journal: IIMB Management Review

Month and Year: October 2021

Abstract: This study probes the relationship between price and traded volume in electricity exchanges worldwide. Deploying the generalised method of moments estimation on panel data from the day-ahead market of exchanges in 20 countries for the period 2015–2020, this study finds that an increase in the share of exchange-traded electricity in a country's total electricity consumption significantly reduces the price. A critical analysis of the Indian electricity exchanges in this study reveals that even after 13 years of operations, consumers do not derive surplus which is expected from commodity exchanges. © 2024

Document Type: Article

DOI: https://doi.org/10.1016/j.iimb.2024.10.002