@inproceedings{87010f078c2b4ba8bd491dac0a029781,
title = "Power exchange and its significance to enhance the deployment of smart microgrids in India and key barriers in its adoption",
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.",
keywords = "Bilateral trading, DISCOM, Day-ahead market, Indian power market, Power exchange, Smart microgrid",
author = "Furkan Ahmad and Alam, {Mohammad Saad} and Reena Suri and Akhilesh Awasthy and M. Shahidehpour",
note = "Publisher Copyright: {\textcopyright} Springer Nature Singapore Pte Ltd. 2018.; 3rd International Conference on India Smart Grid Week, ISGW 2017 ; Conference date: 07-03-2017 Through 10-03-2017",
year = "2018",
doi = "10.1007/978-981-10-8249-8_5",
language = "English",
isbn = "9789811082481",
series = "Lecture Notes in Electrical Engineering",
publisher = "Springer Verlag",
pages = "55--68",
editor = "Anant Venkateswaran and Khaparde, {S. A.} and Girish Ghatikar and Ravi Seethapathy and Sonavane, {Vijay L.} and Yemula, {Pradeep Kumar} and Samir Chaudhuri and Pillai, {Reji Kumar}",
booktitle = "ISGW 2017",
address = "Germany",
}