Significance of Unscheduled Interchange Mechanism in the Indian
نویسنده
چکیده
The Unscheduled Mechanism (UI) enforced in the interstate sale-purchase of power has succeeded in transforming the fabric of the Indian power system operation in a manner unparallel. Nonetheless, categorizing the scheme as a disciplinary and penal mechanism would be like missing bull’s eye wide off the mark. UI rate is much more than what meets the eye. The paper argues that the mechanism is primarily a real-time balancing mechanism and an instrument to achieve economy and efficiency at the macro level.
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