Department of Management Sciences (DoMS) Indian Institute of Technology Kanpur
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  • infoAbout this Program

    The Program on Power Market Economics and Operation: provide insights to the economics, operation & regulatory aspects of power market. The Program would be conducted under the aegis of Office of Outreach Activities, IIT Kanpur.

    Program Duration:

    About 30 hours

    Relevance of the Program:

    Understanding the evolution of power market, and regulatory structure for the same

    Examining the cost drivers for regulation and ancillary services to maintain the grid security

    Understanding the economic operation of power market and power procurement plannin

    Learning from international experience with power market development

    Addressing the present and emerging challenges related to power market

    Understanding electricity derivatives

    Contracts for Differences

    Virtual Power Purchase Agreements for hedging and investment planning

    Key Topics:

    Power Market Regulation

    Operation of Power Exchanges

    Market Monitoring

    Open Access

    Distributed Energy Market

    Power Procurement Planning

    Ancillary Services

    Congestion Management

    Retail Competition

    Load Forecasting

    Security Constrained Economic Dispatch

    Market Based Economic Dispatch

    Economic Operation of Power System

    Resource Adequacy

    Power Market Derivatives

    Contract for Differences

    Virtual Power Purchase Agreement

  • addLearning Outcomes

    Conceptual understanding of power market from economics, regulatory and policy perspective

    Opportunity to learn best practices from global experts

    Developing the ability to understand the emerging needs for better understanding of power markets

  • addAgenda / Schedule

    Schedule for the program would be generally organised between 5:00pm - 06:45pm (Mon, Tue., Wed., Thu., Fri) and 03:30pm - 05:00pm (Sat., Sun.). Pre-recorded session will be released in advance.

    Module 1 (Economics and Operation of Power Market)

    These are the following sessions.

    fiber_manual_recordProgram Inaguration | 30 Aug, 2025 | 4:00-04:30pm | Mr. Ravinder Singh Dhillon, Member, CERC; Former CMD, PFC Ltd

    fiber_manual_record Program Introduction | 30 Aug, 2025 | 4:30-05:00pm | CER Team

    fiber_manual_record Economic Fundamentals of Power Sector | 31 Aug, 2025 | 10:00-10:30am | Dr. Anoop Singh, Professor, IITK

    fiber_manual_record Market Failure and Natural Monopoly | 31 Aug, 2025 | 10:45-12:15pm | Dr. Anoop Singh, Professor, IITK

    fiber_manual_record Evolution of Power Market Development in India EA 2003 & beyond | 1 Sept, 2025 | 5:45-7:15pm (LIVE) | Dr. Anoop Singh, Professor, IITK

    fiber_manual_record Wholesale Power Market in India: A Regulatory Perspective | 02 Sept, 2025 | 5:00 - 5:30 pm | Dr. Sushanta Chatterjee, Chief (Regulatory Affairs), CERC

    fiber_manual_record Power System Operation and Deviation Settlement Mechanism | 03 Sept, 2025 | 5:00 - 5:30 pm | Mr. S.K Soonee, Former and Founder CEO, POSOCO (Grid-India)

    fiber_manual_record Emerging Landscape of the Indian Power Market: General Network Access and Beyond | 04 Sept, 2025 | 5:00 - 5:30 pm | Ms. Shilpa Agarwal, Joint Chief (Engineering), CERC

    fiber_manual_record Functioning of Power Exchanges: Regulation, Development and Products | 04 Sept, 2025 | 6:00 - 6:30 pm | Mr. Dhruv Dhiman, VP - Business Development, IEX Ltd

    fiber_manual_record Economics of Power Market: Regulated vs Competitive Procurement | 06 Sept, 2025 | 9:30 - 10:00 am | Dr. Anoop Singh, Professor, IITK

    fiber_manual_record Competitive Bidding Principles and Guidelines | 06 Sept, 2025 | 10:15 - 11:45 am | Mr. Shathish Vasudev, Director, La Caisse

    fiber_manual_record Open Access Regulations,Cross-subsidy and Short-term Power Procurement Practices | 14 Sept, 2025 (LIVE)(Updated) | 11:15 - 12:45 pm | Mr. Nishant Singhal, Chief Business Officer - Manikaran Power Ltd.

    fiber_manual_record SCED, MBED and beyond | 07 Sept, 2025 (LIVE) | 11:15 - 12:45 pm | Dr. Anoop Singh, Professor, IITK.

    Module 2 (Power Procurement Planning and Strategy)

    fiber_manual_record Resource Adequacy - Case Study for Discoms | 08 Sept, 2025 (LIVE) | 5:00 - 6:30 pm | Dr. Anoop Singh, Professor, IITK.

    fiber_manual_record Resource Adequacy - Principles, Practices and Way Forward | 08 Sept, 2025 | 6:45 - 7:15 pm | Mr. Ghanshyam Prasad, Chairperson, CEA.

    fiber_manual_record Reginal Power Market in South Asia | 09 Sept, 2025 (LIVE)| 5:00 - 6:30 pm | Mr. Ajay Talegaonkar, Member (Economic & Commercial), CEA.

    fiber_manual_record Short-Term Power Procurement Practices | 10 Sept, 2025 | 5:00 - 5:30 pm | Mr. Abhishek Ranjan, Chief Executive Officer & SVP, BSES Rajdhani Power Limited.

    fiber_manual_record Derivatives and Risk Management in Power Market | 10 Sept, 2025 | 5:45 - 7:15 pm (LIVE)| Mr. Ashish Bhagtani, AVP - MCX.

    fiber_manual_record Contract for Differences (CFD) and Virtual Power Purchase Agreement (VPPA) - Design and Implementation | 11 Sept, 2025 | 5:00 - 6:30 pm (LIVE)| Dr. Srikant Nagulapalli, Additonal Secretary, Ministry of Power.

    fiber_manual_record Evolution and Emerging landscape for Ancillary Services | 13 Sept, 2025 | 9:30 - 11:00 am (LIVE)| Mr. Rajiv Porwal, Executive Director (System Operation) GRID-INDIA.

    fiber_manual_record Application Strategies for Power Market Derivatives for Discoms, MPPs and OA Consumers | 13 Sept, 2025 | 11:15 - 12:45 pm (LIVE)| Dr. Anoop Singh, Professor, IITK.

    fiber_manual_record A Market Monitoring Framework for the Indian Power Sector | 13 Sept, 2025 | 04:00 - 05:30 pm (LIVE)| Dr. Anoop Singh, Professor, IITK.

    fiber_manual_record Retail Competition: Indian Perspective and International Experience | 14 Sept, 2025 | 9:30 - 11:00 am (LIVE)| Mr. Rajat Goel, Director, Deloitte.

    fiber_manual_record Brainstorming & Interactive Discussion | 16 Sept, 2025 | 5:00 - 6:30 pm (LIVE)| Dr. Anoop Singh, Professor, IITK.

    fiber_manual_record Demo Assessment | 18 Sept, 2025 | 4:00 - 5:00 pm (LIVE)| CER TEAM.

    fiber_manual_record Overall Assessment | 21 Sept, 2025 | 10:00 - 12:00 pm (LIVE)| CER TEAM.

    * Subject to confirmation by the respective resource person

  • languagePedagogy
    Mode of delivery:

    The program will be delivered in online mode in the form of live and recorded sessions to offer flexibility to the working professionals. The recorded sessions would be hosted at CER’s Online Learning Environment and Tools (OLET) platform. The program will be covered across 2 weeks and include multiple sessions of about 1 hour 30 min each (with total program duration of more than 30 hours).

  • Who should apply?

    Officials from Electricity Regulatory Commissions (including Members), Generation Companies, Licensees (including Transmission, Distribution and Trading), Power Exchanges, Financial Institutions, Banks, Consultants/Analysts, Investors, Lawyers, CAs/CS, Faculty, Researchers and Students from Academic Institutions, Consumer Organizations, NGOs and other stakeholders who want to enhance their understanding of this multi-disciplinary area.

  • Award of Certificate
    Participants would be awarded one of the following certificates as per the criteria mentioned:

    Certificate Type Minimum Criteria
    Pre-recorded sessions Live/ Live interective sessions
    or their recorded version     		Assessment and Participation
    Certificate of Achievement 70% 50% Above the required criteria
    Certificate of Participation 50% 30% Below the required criteria

    Note:

    • 1. Per session participation/ attendance will be counted only if minimum view duration/ attendance exceeds 80% of duration of the session.
      2. No certificate will be awarded, if the above criteria for minimum attendance is not met or the  performance in the assessment and participation is below the minimum certification criteria for the program
      3. If any candidate fails to appear in the Assessment, no certificate will be awarded

    4. Certification criteria may be revised or updated later.

  • Download Brochure

    picture_as_pdf Download File
  • Registration Fee
    A. Details of Registration Fee

    S. No. Participation Category Fee (INR) Total (INR)
    1 Industry*^ 35000 + 18% GST 41300
    2 Faculty
      a. IITK
      b. Non-IITK**    		  
    16000
    16000 + 18% GST    		  
    16000
    18880
    3 Students
      a. IITK
      b. Non-IITK ***    		  
    5000
    5000 + 18% GST    		  
    5000
    5900
    4   SERCs having MoU with CER-IITK  28000 + 18% GST  33040

    * Including Commissioners and Officers from Electricity Regulatory Commissions; Stakeholders from Licensees (Transmission, Distribution and Trading), Generating Company Load Dispatch Centers, RE Development Agencies, Financial Institutions, Consultants, Investors, Industrial consumer, IPPs.

    # Including NGOs, Consumer Organisation and research institutions (non-corporate).

    ## Applicable for full-time students, who must submit a bonafide certificate within five working days of registration.

    Note:- For each registration only one discount will be applicable.

    ^ Three or more participants from the same organisation will get 20% discount on registration fee. For group registration for 10 or more participants, please contact us. Female candidates would receive a further discount of 20%. Cannot be clubbed with any other discount.

    Registration will commence on: 5th Aug 2025

    End date of registration: 29th Aug 2025

    Program starts on: 30th Aug 2025

    Program ends on: 14th Sept 2025

    C. Guidelines for registration process

  • FAQ's
  • Contact us

    Centre for Energy Regulation (CER)

    Department of Management Sciences

    Indian Institute of Technology Kanpur-208016

    Phone: +91 512 259 6181

    Email: cer_cbp@iitk.ac.in

    For any query on
    CER's Regulatory Certification Program (RCP) on
    "Power Market Economics and Operation"

    Write here
Regulatory Insights

Vol 08 Issue 01 (Jul-25)
Vol 07 Issue 04 (Apr-25)
Vol 07 Issue 03 (Jan-25)
Power Chronicle

Vol 07 Issue 02 (Oct 24)
Vol 07 Issue 01 (Jul 24)
Vol 06 Issue 04 (Apr 24)
Publications
Tentative Schedule

Module 1 (Economics and Operation of Power Market)

S. No. Sessions Live Interactive Session Resource Person
Date Time
Program Inauguration 30 Aug, 2025 (Saturday) 4:00 - 4:30 pm Chief guest - Mr. Ravinder Singh Dhillon, Member, CERC; Former CMD, PFC Ltd
1 Introduction to CER's OLET Platform 30 Aug, 2025 (Saturday) 4:30 - 5:00 pm CER Team
2 Economic Fundamentals of Power Sector 31 Aug, 2025 (Sunday) 10:00 - 10:30 am Dr. Anoop Singh, Professor, IITK
3 Market Failure and Natural Monopoly 31 Aug, 2025 (Sunday) 10:45 - 12:15 pm Dr. Anoop Singh, Professor, IITK
4 Evolution of Power Market Development in India EA 2003 & beyond 01 Sept, 2025 (Monday)
(LIVE)
 5:45 - 7:15 pm Dr. Anoop Singh, Professor, IITK
5 Wholesale Power Market in India: A Regulatory Perspective 02 Sept, 2025 (Tuesday) 5:00 - 5:30 pm Dr. Sushanta Chatterjee, Chief (Regulatory Affairs), CERC
6 Power System Operation and Deviation Settlement Mechanism 03 Sept, 2025 (Wednesday) 5:00 - 5:30 pm Mr. S.K Soonee, Former and Founder CEO, POSOCO (Grid-India)
7 Emerging Landscape of the Indian Power Market: General Network Access and Beyond 04 Sept, 2025 (Thursday) 5:00 - 5:30 pm Ms. Shilpa Agarwal, Joint Chief (Engineering), CERC
8 Functioning of Power Exchanges: Regulation, Development and Products 04 Sept, 2025 (Thursday) 6:00 - 6:30 pm Mr. Dhruv Dhiman, VP - Business Development, IEX Ltd
9 Economics of Power Market: Regulated vs Competitive Procurement 06 Sept, 2025 (Saturday) 9:30 - 10:00 am Dr. Anoop Singh, Professor, IITK
10 Competitive Bidding Principles and Guidelines 06 Sept, 2025 (Saturday)
(LIVE)
 10:15 - 11:45 am Mr. Shathish Vasudev, Director, La Caisse
11 Open Access Regulations,Cross-subsidy and Short-term Power Procurement Practices 14 Sept, 2025 (Sunday)
(LIVE)(Updated)
 11:15 - 12:45 pm Mr. Nishant Singhal, Chief Business Officer - Manikaran Power Ltd.
12 SCED, MBED and beyond 07 Sept, 2025 (Sunday)
(LIVE)
 11:15 - 12:45 pm Dr. Anoop Singh, Professor, IITK

Module 2 (Power Procurement Planning and Strategy)

S. No. Sessions Live Interactive Session Resource Person
Date Time
1 Resource Adequacy - Case Study for Discoms 08 Sept, 2025 (Monday)
(LIVE)
 5:00 - 6:30 pm Dr. Anoop Singh, Professor, IITK
2 Resource Adequacy - Principles, Practices and Way Forward 08 Sept, 2025 (Monday) 6:45 - 7:15 pm Mr. Ghanshyam Prasad, Chairperson, CEA
3 Regional Power Market in South Asia 09 Sept, 2025 (Tuesday)
(LIVE)
 5:00 - 6:30 pm Mr. Ajay Talegaonkar, Member (Economic & Commercial), CEA
4 Short-Term Power Procurement Practices 10 Sept, 2025 (Wednesday) 5:00 - 5:30 pm Mr. Abhishek Ranjan, Chief Executive Officer & SVP, BSES Rajdhani Power Limited
5 Derivatives and Risk Management in Power Market 10 Sept, 2025 (Wednesday)
(LIVE)
 5:45 - 7:15 pm Mr. Ashish Bhagtani, AVP - MCX
6 Contract for Differences (CFD) and Virtual Power Purchase Agreement (VPPA) - Design and Implementation 11 Sept, 2025 (Thursday)
(LIVE)
 5:00 - 6:30 pm Dr. Srikant Nagulapalli, Additonal Secretary, Ministry of Power
7 Evolution and Emerging landscape for Ancillary Services 13 Sept, 2025 (Saturday)
(LIVE)
 9:30 - 11:00 am Mr. Rajiv Porwal, Executive Director (System Operation) GRID-INDIA
8 Application Strategies for Power Market Derivatives for Discoms, MPPs and OA Consumers 13 Sept, 2025 (Saturday)
(LIVE)
 11:15 - 12:45 pm Dr. Anoop Singh, Professor, IITK
9 A Market Monitoring Framework for the Indian Power Sector 13 Sept, 2025 (Saturday)
(LIVE)
 04:00 - 5:30 pm

Dr. Anoop Singh, Professor, IITK
10 Retail Competition: Indian Perspective and International Experience 14 Sept, 2025 (Sunday)
(LIVE)
 9:30 - 11:00 am Mr. Rajat Goel, Director, Deloitte
11 Brainstorming & Interactive Discussion 16 Sept, 2025 (Tuesday)
(LIVE)
 5:00 - 6:30 pm Dr. Anoop Singh, Professor, IITK
12 Demo Assessment 18 Sept, 2025 (Thursday) 4:00 - 5:00 pm CER TEAM
13 Overall Assessment 21 Sept, 2025 (Sunday) 10:00 - 12:00 pm CER TEAM

1. Subject to the confirmation by the respective resource person.

2. Recorded Session will be released one day before the "live interactive session".

3. Live sessions recording are released one day after the session.

4. However, the program calendar/duration will be flexible to accommodate availability of the speaker and other constraints.

About this Program

The Program on Power Market Economics and Operation provide insights to the economics, operation & regulatory aspects of power market. The Program would be conducted under the aegis of Office of Outreach Activities, IIT Kanpur.

label

Program Duration:

fiber_manual_record

30+ hours.

label

Relevance of the Program:

fiber_manual_record

Understanding the evolution of power market, and regulatory structure for the same

fiber_manual_record

Examining the cost drivers for regulation and ancillary services to maintain the grid security

fiber_manual_record

Understanding the economic operation of power market and power procurement planning

fiber_manual_record

Learning from international experience with power market development

fiber_manual_record

Addressing the present and emerging challenges related to power market

fiber_manual_record

Understanding electricity derivatives

fiber_manual_record

Contracts for Differences

fiber_manual_record

Virtual Power Purchase Agreements for hedging and investment planning

label

Key Topics:

fiber_manual_record

Power Market Regulation

fiber_manual_record

Operation of Power Exchanges

fiber_manual_record

Market Monitoring

fiber_manual_record

Open Access

fiber_manual_record

Distributed Energy Market

fiber_manual_record

Power Procurement Planning

fiber_manual_record

Ancillary Services

fiber_manual_record

Congestion Management

fiber_manual_record

Retail Competition

fiber_manual_record

Load Forecasting

fiber_manual_record

Security Constrained Economic Despatch

fiber_manual_record

Market Based Economic Despatch

fiber_manual_record

Economic Operation of Power System

fiber_manual_record

Resource Adequacy

fiber_manual_record

Power Market Derivatives

fiber_manual_record

Contract for Differences

fiber_manual_record

Virtual Power Purchase Agreement

Learning Outcomes
fiber_manual_record

Conceptual understanding of power market from economics, regulatory and policy perspectives

fiber_manual_record

Opportunity to learn best practices from global experts

fiber_manual_record

Developing the ability to understand the emerging needs for better understanding of power markets

Pedagogy
Mode of delivery:

The program will be delivered in online mode in the form of live and recorded sessions to offer flexibility to the working professionals. The recorded sessions would be hosted at CER’s Online Learning Environment and Tools (OLET) platform. The program will be covered across 2 weeks and include multiple sessions of about 1 hour 30 min each (with total program duration of more than 30 hours).

Who Should Apply

Officials from Electricity Regulatory Commissions (including Members), Generation Companies, Licensees (including Transmission, Distribution and Trading), Power Exchanges, Financial Institutions, Banks, Consultants/Analysts, Investors, Lawyers, CAs/CS, Faculty, Researchers and Students from Academic Institutions, Consumer Organizations, NGOs and other stakeholders who want to enhance their understanding of this multi-disciplinary area.

Award of Certificate
Participants would be awarded one of the following certificate based on criteria mentioned:

Certificate Type Minimum Criteria
Pre-recorded sessions Live/ Live interective sessions
or their recorded version 		Assessment and Participation
Certificate of Achievement 70% 50% Above the required criteria
Certificate of Participation 50% 30% Below the required criteria

Note:

  • 1. Per session participation/ attendance will be counted only if minimum view duration/ attendance exceeds 80% of duration of the session.
    2. No certificate will be awarded, if the above criteria for minimum attendance is not met or the  performance in the assessment and participation is below the minimum certification criteria for the program
    3. If any candidate fails to appear in the Assessment, no certificate will be awarded

4. Certification criteria may be revised or updated later.

Registration Fee

A. Details of Registration Fee

S. No. Participation Category Fee (INR) Total (INR)
1 Industry*^ 35000 + 18% GST 41300
2 Faculty
  a. IITK
  b. Non-IITK**		  
16000
16000 + 18% GST		  
16000
18880
3 Students
  a. IITK
  b. Non-IITK ***		  
5000
5000 + 18% GST		  
5000
5900
4 SERCs having MoU with CER-IITK 28000 + 18% GST 33040

* Including Commissioners and Officers from Electricity Regulatory Commissions; Stakeholders from Licensees (Transmission, Distribution and Trading), Generating Company Load Dispatch Centers, RE Development Agencies, Financial Institutions, Consultants, Investors, Industrial consumer, IPPs.

# Including NGOs, Consumer Organisation and research institutions (non-corporate).

## Applicable for full-time students, who must submit a bonafide certificate within five working days of registration.

Note:- For each registration only one discount will be applicable.

^ Three or more participants from the same organisation will get 20% discount on registration fee. For group registration for 10 or more participants, please contact us.

Female candidates would receive a further discount of 20%. Cannot be clubbed with any other discount.

B. Important Dates

Registration will commence on: 5th Aug 2025

End date of registration: 29th Aug 2025

Program starts on: 30th Aug 2025

Program ends on: 17th Sept 2025

C. Guidelines for registration process

Contact Us

Centre for Energy Regulation (CER)

Department of Management Sciences

Indian Institute of Technology Kanpur-208016

Phone: +91 512 259 6181

Email: cer_cbp@iitk.ac.in

fiber_manual_record For any query on CER's Regulatory Certification Program (RCP) on "Power Market Economics and Operation"

Write here
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Centre for Energy Regulation
Department of Management Sciences
Indian Institute of Technology Kanpur
Kalyanpur, Kanpur – 208016 (India)

cer@iitk.ac.in
0512-259-7453
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