The Viewpoint - Market Structure and Competitive BiddingJanuary 31 2012
By Amit Kapur & Vishnu Sudarsan
The Context: The 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
With a premium account you get:
- One year of unrestrcited access to previous interviews, columns and articles
- One year access to all archival material
- Access to all Bar & Bench reports