Policy & Regulation

India aiming to revamp its gas market

The Federation of Indian Chambers of Commerce and Industry has made a proposal to completely overhaul the country’s power market
By Staff reporter 14 June 2018 0 31298

The Federation of Indian Chambers of Commerce and Industry (FICCI) has made a proposal to completely overhaul the country’s power market, according to Indian newspaper The Economic Times.

The FICCI has also floated the idea of linking India’s proposed gas trading hub with the spot power market as a means of resolving the problem of stranded gas power plants.

The new market design aims to match underused generation capacity with higher demand by using tradeable instruments and risk management tools. Coal-fired...