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Blackouts: The role of India's Wholesale Electricity Market / Akshaya Jha, Louis Preonas, Fiona Burlig.
- Format:
- Book
- Author/Creator:
- Jha, Akshaya.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w29610.
- NBER working paper series no. w29610
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2021.
- Summary:
- Electricity blackouts impose substantial costs on developing countries. We advance a new explanation for their continued prevalence in India, the world's third-largest power sector. Constructing a novel dataset spanning the sector, we demonstrate that whole- sale power demand is downward-sloping: demand falls when wholesale procurement costs rise. Supply-side misallocation increases costs, thereby decreasing the quantity of electricity supplied to retail customers. We highlight a key source of misallocation: discretionary power plant outages resulting from weak incentives rather than technical issues. Eliminating these outages significantly lowers procurement costs, increasing the quantity supplied by enough to eliminate blackouts for 23 million Indian households.
- Notes:
- Print version record
- December 2021.
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