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Evolution of Global Electricity Markets by Fereidoon P. Sioshansi

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Chapter 17

Not Seeing the Wood for the Trees? Electricity Market Reform in India

Anupama Sena and Tooraj Jamasbb,    aSenior Research Fellow, Oxford Institute for Energy Studies, bProfessor of Energy Economics, Durham University Business School

1 Introduction

In July 2012, the simultaneous failure of three of India’s five regional transmission grids left roughly 600 million people across 20 states without access to electricity, over a period of approximately 2 days. Although this led to widespread disruption, including, most significantly, the mass failure of public transport systems, what should probably have been considered even more disconcerting is that a substantial proportion of urban and industrial consumers immediately switched over to ...

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