印度电力行业报告(2018-2022年)
Power generation is a competitive economic activity in India, in the sense that it is populated by both
central, State and private players, some of whom engage in electricity trading through power
exchanges. Outside the open market, however, off-take prices charged by generating companies are
often fixed under long-term PPAs, and consumer-end electricity prices are heavily regulated too.
Transmission, in need of significant upgrades, is mostly State-owned. Generation and distribution in
the wind and solar renewable segments are more competitive because generation costs are relatively
fixed and decreasing, while feed-in tariffs are higher than those for conventional electricity. Although
net metering has been adopted by several States, it is not universally successful, because of the
widely varying electricity prices between States. In addition, large-scale renewable power feed-ins
strain T&D capacity and thus is considered higher-risk by power distributors. All this makes the
competitive landscape for the power sector in India different from State to State, but sharing the
common denominator of significant levels of central and State scrutiny. Some of the challenges the
sector faces include fickle fossil fuel supply, delays in the acquisition of land and right of way,
inadequate infrastructure supporting power projects in remote areas, and environmental compliance.