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: provides insights to the economic and operational aspects of power market,its procucts,and their role in the Indian power market. The Program would be conducted under the aegis of Centre for Continuing Education, IIT Kanpur.

    Program Duration:

    About 25 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

    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

  • playlist_addDashboard
  • 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 operation of power markets

    Understanding the operations of power market and its products

  • 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.

    Week-1

    These are the following sessions.

    fiber_manual_recordProgram Inaguration 03 June, 2023 ,5:00 - 5:30 pm

    fiber_manual_record Evolution of Power Market Develoment in India 03 June, 2023 ,5:30 - 7:00 pm

    fiber_manual_recordEconomic Fundamentals of Power Sector 04 June, 2023 ,5:00 - 5:30 pm

    fiber_manual_recordMarket Failure and Natural Monopoly 04 June, 2023 ,5:45 - 6:15 pm

    fiber_manual_recordWholesale Power Market in India: Role of Power Exchanges and Trading 05 June, 2023, 5:00 - 5:30 pm

    fiber_manual_recordDerivatives and Risk Management in Power Market 06 June, 2023, 5:00 - 5:30 pm

    fiber_manual_recordFunctioning of Power Exchanges: Regulation, Development and Products 07 June, 2023, 5:00 - 5:30 pm

    fiber_manual_recordLong-term Power Procurement under Case-1and Case-2, and Structure of PPA 08 June, 2023, 5:00 - 5:30 pm

    fiber_manual_recordEmerging Landscape of the Indian Power Market: General Network Access and Beyond 11 June, 2023, 10:45 - 11:15 am

    fiber_manual_recordEconomics of Power Market: Regulated vs Competitive Procurement 10 June, 2023, 5:00 - 5:30 pm

    fiber_manual_recordResource Adequacy - Principal, Practices and way forward 10 June, 2023, 5:45 - 6:15 pm

    fiber_manual_recordSCED, MBED and Brainstorming - I 11 June, 2023, 9:30 - 10:30 am

    Week-2

    fiber_manual_recordRegional Power Market in South Asia 12 June, 2023, 5:00 - 5:30 pm

    fiber_manual_recordPower System Operation and Deviation Settlement Mechanism,13 June, 2023,5:00 - 5:30 pm

    fiber_manual_recordShort-Term Power Procurement Practices 14 June, 2023,5:00 - 5:30 pm

    fiber_manual_recordEvolution and Emerging landscape for Ancillary Services 15 June, 2023, 5:00 - 5:30 pm

    fiber_manual_recordRetail Competition in Electricity: International Experience 16 June, 2023, 5:00 - 5:30 pm

    fiber_manual_recordOpen Access Regulations and Short-term Power Procurement Practices 17 June, 2023,6:30 - 7:00 pm
    Today's session would be a live session kindly ignore the session uploaded

    fiber_manual_recordBrainstorming & Interactive Discussion - II 17 June, 2023 5:30 - 6:30 pm

    fiber_manual_recordOverall Assessment 18 June, 2023, 10:00am-12:00pm

    * 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 25 hours).

  • Who should apply?

    Commissioners and Officers from Electricity Regulatory Commissions; Stakeholders from Generating Companies, Licensees (Transmission, Distribution and Trading), Financial Institutions, Consultants, Investors, Consumer Organisations and NGOs; Faculty, Researchers and Students from Academic Institutions; and other stake holders 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 of Achievement -
      1. Minimum participation of 50% in live sessions and 70% overall (including recorded video lectures)
        • Participation in live interactive sessions
        • Performance in Assessment Exam
    • Certificate of Participation -
      • Minimum attendance of 30% in live sessions and 50% overall (including recorded video lectures) and not meeting the criteria for Certificate of Achievement
        *No certificate will be awarded, if the above criteria for minimum attendance is not met or the  performance in the Assessment is below the minimum certification criteria for the program
        *If any candidate fails to appear in the Assessment, no certificate will be awarded

    Note: Criteria may be modified/ updated later

  • Download Brochure
  • 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 NGOs, Consumer Organisation and research institutions (non-corporate).

    ## Should be a full-time student and present a bonafide certificate on demand.

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

    ^Three or more participants from the same orgnaization (other than SERCs having MoU with CER-IITK) will get 20% discount on registration fee.

    B. Important Dates

    Registration will commence on: 13th May 2023

    End date of registration: 02nd June 2023

    Program starts on: 04th June 2023

    Program ends on: 18th June 2023

    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

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

    Write here

Week-1

S.No. Sessions Live Interactive Session Resource Persons
Date Time
Program Inauguration 03 June, 2023 Chief guest - Mr. Sanjay Dubey
Principal Secretary, Energy & NRE, Government of Madhya Pradesh
Valedictory function 24 June, 2023 5:00 - 5:30 pm Chief guest - Shri. Alok Kumar, Secretary(Power), Ministry of Power, Government of India
1 Introduction to CER's OLET Platform 02 June, 2023 5:00 - 5:30 pm
2 Evolution of Power Market Development in India 03 June, 2023 (LIVE) 5:30 - 7:00 pm Prof. Anoop Singh, Professor, IIT K
3 Economic Fundamentals of Power Sector 04 June, 2023 5:00 - 5:30 pm Prof. Anoop Singh, Professor, IIT K
4 Market Failure and Natural Monopoly 04 June, 2023 5:45 - 6:15 pm Prof. Anoop Singh, Professor, IIT K
5 Wholesale Power Market in India: Role of Power Exchanges and Trading 05 June, 2023 5:00 - 5:30 pm Mr. Akhilesh Awasthy, Former COO, HPX. Currectly Partner with Lantau Group India Pvt. Ltd.
6 Derivatives and Risk Management in Power Market 06 June, 2023 5:00 - 5:30 pm Prof. Anoop Singh, Professor, IIT K
7 Functioning of Power Exchanges: Regulation, Development and Products 07 June, 2023 5:00 - 5:30 pm Mr. Jogendra Behera, Vice President (Market Design & Eco.), Indian Energy Exchange Limited
8 Long-term Power Procurement under Case-1and Case-2, and Structure of PPA 08 June, 2023 5:00 - 5:30 pm Mr. P. V. Shathish, Senior Associate, CDPQ
9 Emerging Landscape of the Indian Power Market: General Network Access and Beyond 11 June, 2023 10:45 - 11:15 am Ms. Shilpa Agarwal, Joint Chief Engg., CERC
10 Economics of Power Market: Regulated vs Competitive Procurement 10 June, 2023 5:00 - 5:30 pm Prof. Anoop Singh, Professor, IIT K
11 Resource Adequacy - Principal, Practices and way forward 10 June, 2023 5:45 - 6:15 pm Prof. Anoop Singh, Professor, IIT K
12 SCED, MBED and Brainstorming - I 11 June, 2023 9:30 - 10:30 am Prof. Anoop Singh, Professor, IIT K

Week-2

S.No. Sessions Live Interactive Session Resource Persons
Date Time
1 Regional Power Market in South Asia 12 June, 2023 5:00 - 5:30 pm Mr. Pardeep Jindal,Chief Engineer, CEA
2 Power System Operation and Deviation Settlement Mechanism 13 June, 2023 5:00 - 5:30 pm Mr. Sushil Kumar Soonee, Former Advisor & CEO, POSOCO
3 Short-Term Power Procurement Practices 14 June, 2023 5:00 - 5:30 pm Mr. Abhishek Ranjan, Sr. VP Strategy & Head - Utilities and Retail at Renew Power
4 Evolution and Emerging landscape for Ancillary Services 15 June, 2023 5:00 - 5:30 pm Mr. Rajiv Porwal, Executive Director (System Operation)
5 Retail Competition: Indian Perspective and International Experience 16 June, 2023 5:00 - 5:30 pm Mr. Amit Goenka, Associate Director, Delloitte India
6 Open Access Regulations and Short-term Power Procurement Practices 17 June, 2023 6:30 - 7:00 pm Mr. Bikram Singh, PTC India Limited
7 Brainstorming & Interactive Discussion - II 17 June, 2023 10:00 - 11:00 am Prof. Anoop Singh, Professor, IIT K
8 Overall Assessment 18 June, 2023 10:00am-12:00pm Prof. Anoop Singh, Professor, IIT K

* Subject to confirmation by the respective resource person

The Program on Power Market Economics and Operation provides insights to the economic and operational aspects of power market, its products, and their role in the Indian power market. The Program would be conducted under the aegis of Centre for Continuing Education, IIT Kanpur.

label

Program Duration:

fiber_manual_record

25 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

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

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 operation of power markets

fiber_manual_record

Understanding the operations of power market and its products

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 25 hours).

Commissioners and Officers from Electricity Regulatory Commissions; Stakeholders from Generating Companies, Licensees (Transmission, Distribution and Trading), Financial Institutions, Consultants, Investors, Consumer Organisations and NGOs; Faculty, Researchers and Students from Academic Institutions; and other stake holders who want to enhance their understanding of this multi-disciplinary area.

    Participants would be awarded one of the following certificates as per the criteria mentioned:
  • Certificate of Achievement -
    1. Minimum participation of 50% in live sessions and 70% overall (including recorded video lectures)
      • Participation in live interactive sessions
      • Performance in Assessment Exam
  • Certificate of Participation -
    • Minimum attendance of 30% in live sessions and 50% overall (including recorded video lectures) and not meeting the criteria for Certificate of Achievement
      *No certificate will be awarded, if the above criteria for minimum attendance is not met or the  performance in the Assessment is below the minimum certification criteria for the program
      *If any candidate fails to appear in the Assessment, no certificate will be awarded

Note: Criteria may be modified/ updated later

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