Market Based Economic Despatch (MBED) Phase 1

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