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Market Based Economic Despatch (MBED) Phase 1

  • Published
    13th Oct, 2021

GS-III: Economy

  • Infrastructure
Context

Recently, the Ministry of Power released Framework for Implementation of Market Based Economic Despatch (MBED) Phase 1 to reduce consumers’ power purchase costs by 5%.

Prelims question:

‘Market Based Economic Despatch’, seen in news recently, relates to:

  • A.
  • B.
  • C.
  • D.

Mains Question:

Discuss how implementation of Market Based Economic Despatch helps in reforming electricity market operations in India, and in moving towards “One Nation, One Grid, One Frequency, One Price”. (150 words)

Approach:

  • Introduce by giving a definition of Market Based Economic Despatch
  • Enumerate its benefits in reforming electricity market operation in India
  • Enumerate the challenges that remain
  • Way Forward and Conclusion

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