The Indian power market has been evolving rapidly. The increasing share of variable renewable energy in the electricity system requires that the power grid becomes more flexible, power distribution companies (discoms) become financially sound and efficient, and demand is tapped as a flexible resource. All of these require a reassessment of the power markets that would be shaped by dynamic regulations, new business models, innovative financial instruments, and robust institutional frameworks.

We inform and shape the evolution of power markets in India for a clean energy future. We focus on:

• Enhancing grid-flexibility: We study the current and future power systems to inform grid planning and operations, and procurement and dispatch of electricity in cost-effective ways. We undertake grid simulation exercises, and techno-economic analyses for emerging solutions such as large-scale energy storage and repurposing of inefficient thermal power plants.
• Tapping demand as a resource: We focus on solutions to reduce, shift or shave energy demand for cost-effective power balance management. The team tracks and supports the uptake of energy efficient appliances and solutions. We also design and deploy regulatory sandboxes, new business models, and model tariff structures that can help discoms secure demand response.
• Ensuring efficient, financially-healthy and digitalised discoms: We work closely with discoms, regulators, and civil society groups in Indian states to devise and implement strategies to support a consumer-centric discom transformation. We support smart metering initiatives, optimisation of power procurement costs, balanced approaches to ensuring open access, and tariff and subsidy reforms.
• Responsive and dynamic regulations: We support the design and reform of legislation and regulations governing power markets by identifying innovative practices through international case studies, hosting stakeholder consultations, and providing data-backed, timely inputs to new legislation and regulations.​