Department of Management Sciences (DoMS) Indian Institute of Technology Kanpur

Registration open for Regulatory Certification Program (RCP)

on "Power Market Economics and Operation" (December 6 - 22, 2024) Register Now

Registration deadline December 3, 2024.

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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

    Resource Adequacy

    Power Market Derivatives

    Contract for Differences

  • 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

    fiber_manual_record Evolution of Power Market Develoment in India

    fiber_manual_recordEconomic Fundamentals of Power Sector

    fiber_manual_recordMarket Failure and Natural Monopoly

    fiber_manual_recordWholesale Power Market in India: Role of Power Exchanges and Trading

    fiber_manual_recordDerivatives and Risk Management in Power Market

    fiber_manual_recordFunctioning of Power Exchanges: Regulation, Development and Products

    fiber_manual_recordLong-term Power Procurement under Case-1and Case-2, and Structure of PPA

    fiber_manual_recordEmerging Landscape of the Indian Power Market: General Network Access and Beyond

    fiber_manual_recordEconomics of Power Market: Regulated vs Competitive Procurement

    fiber_manual_recordResource Adequacy - Principal, Practices and way forward

    fiber_manual_recordSCED, MBED and Brainstorming - I

    Week-2

    fiber_manual_recordRegional Power Market in South Asia

    fiber_manual_recordPower System Operation and Deviation Settlement Mechanism

    fiber_manual_recordShort-Term Power Procurement Practices

    fiber_manual_recordEvolution and Emerging landscape for Ancillary Services

    fiber_manual_recordRetail Competition in Electricity: International Experience

    fiber_manual_recordOpen Access Regulations and Short-term Power Procurement Practices

    fiber_manual_recordBrainstorming & Interactive Discussion - II

    fiber_manual_recordOverall Assessment

    * 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?

    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 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

    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

    # 20% discount for all female candidates.

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

    *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).

    *** Should be a full-time student and submit the bonafide certificate within five working days of registration.

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

    B. Important Dates

    Registration will commence on: 5th Nov 2024

    End date of registration: 3rd Dec 2024

    Program starts on: 6th Dec 2024

    Program ends on: 22nd Dec 2024

    C. Guidelines for registration process

  • Registration For the Program
  • 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 07 Issue 02 (Oct 24)
Vol 07 Issue 01 (Jul 24)
Vol 06 Issue 04 (Apr 24)
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
1 Introduction to CER's OLET Platform 06 Dec, 2024 5:30 - 6:30 pm
2 Evolution of Power Market Development in India 07 Dec, 2024 5:30 - 7:00 pm Prof. Anoop Singh, Professor, IITK
3 Economic Fundamentals of Power Sector 08 Dec, 2024 5:00 - 5:30 pm Prof. Anoop Singh, Professor, IITK
4 Market Failure and Natural Monopoly 08 Dec, 2024 5:45 - 6:15 pm Prof. Anoop Singh, Professor, IITK
5 Wholesale Power Market in India: Role of Power Exchanges and Trading 09 Dec, 2024 5:00 - 5:30 pm Mr. Akhilesh Awasthy, Partner, Lantau Group India
6 Power System Operation and Deviation Settlement Mechanism 10 Dec, 2024 5:00 - 5:30 pm Mr. Samir Chandra Saxena, Director (Maket Operation), GRID-INDIA
7 Functioning of Power Exchanges: Regulation, Development and Products 11 Dec, 2024 5:00 - 5:30 pm Mr Rohit Bajaj, Joint Managing Director, IEX
8 Competitive Bidding Principles and Guidelines 12 Dec, 2024 5:00 - 6:30 pm Mr. P. V. Shathish, Senior Associate, CDPQ
9 Emerging Landscape of the Indian Power Market: General Network Access and Beyond 13 Dec, 2024 5:00 - 5:30 pm Ms. Shilpa Agarwal, Joint Chief (Engineering), CERC
10 Economics of Power Market: Regulated vs Competitive Procurement 14 Dec, 2024 5:00 - 5:30 pm Prof. Anoop Singh, Professor, IITK
11 Open Access Regulations and Short-term Power Procurement Practices 15 Dec, 2024 5:00 - 5:30 pm Mr. Nishant Singhal, Chief Business Officer - Manikaran Power Ltd.
12 SCED, MBED and Brainstorming - I 15 Dec, 2024 5:45 - 7:15 pm Prof. Anoop Singh, Professor, IITK

Module 2 (Power Procurement Planning and Stategy)

S. No. Sessions Live Interactive Session Resource Person
Date Time
1 Resource Adequacy - Principles, Practices and Way Forward 16 Dec, 2024 5:00 - 5:30 pm Mr. Ghanshyam Prasad, chairperson, CEA
2 Regional Power Market in South Asia 17 Dec, 2024 5:00 - 5:30 pm Mr. Ajay Talegaonkar, Member (Economic & Commercial), CEA
3 Derivatives and Risk Management in Power Market 18 Dec, 2024 5:00 - 5:30 pm Prof. Anoop Singh, Professor, IITK
4 Contract for Differences (CFD) - Design and Implementation 18 Dec, 2024 5:45 - 6:15 pm Dr. Srikant Nagulapalli, Additonal Secretary, MoP
5 Short-Term Power Procurement Practices 19 Dec, 2024 5:00 - 5:30 pm Mr. Abhishek Ranjan, Partner, EY Parthenon
6 Evolution and Emerging landscape for Ancillary Services 20 Dec, 2024 5:00 - 5:30 pm Mr. Rajiv Porwal, Executive Director (System Operation) GRID-INDIA
6 Retail Competition: Indian Perspective and International Experience 21 Dec, 2024 5:00 - 5:30 pm Mr. Amit Goenka, Associate Director, Delloitte Touche Tohmatsu India
7 Brainstorming & Interactive Discussion - II 21 Dec, 2024 5:45 - 7:15 pm Prof. Anoop Singh, Professor, IIT K
8 Overall Assessment 22 Dec, 2024 10:00am-12:00pm 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 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

Resource Adequacy

fiber_manual_record

Power Market Derivatives

fiber_manual_record

Contract for Differences

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 operation of power markets

fiber_manual_record

Understanding the operations of power market and its products

Pedagogyy
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

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 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

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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