The Viewpoint - Market Structure and Competitive Bidding

Bar & Bench January 31 2012
J Sagar Associates (JSA)

By Amit Kapur & Vishnu Sudarsan

The ContextThe gold standard for market structure is long believed to be competitive conditions.  Competitive bidding is one of the primary mechanism for procurement and the premise for electricity sector reforms in India.  The Electricity Act, 2003 ushered in a transition from a vertically integrated public monopoly to the introduction of competition in different segments of the industry (with introduction of a multi-buyer multi-seller model, trading and open access).  The law in June 2003 had provided for it as an option and went . . .

This content is restricted to subscribers