Flexing India’s energy system: making the case for the right price signals through time-of-day pricing
With some US$100bn of existing and proposed thermal power plants in financial distress, and low cost but variable renewable energy capacity best able to meet the ambitious targets set by government, India has an opportune moment to transform its electricity sector by introducing time-of-day pricing for both producers and consumers. A new IEEFA briefing note, “Flexing India’s Energy System- Making the case for the right price signals through time-of-day pricing,” finds the current pricing system in India is a largely flat tariff providing little incentive for network or consumer efficiency through load smoothing.
