Market Based Economic Despatch (MBED):
Central Electricity Regulatory Commission (CERC) has released the Framework for Implementation of Market Based Economic Despatch (MBED) – Phase1 for lowering the cost of power purchase to Consumers.
- Implementing an Market Based Economic Despatch (MBED) is an essential next step in reforming electricity market operations and in moving towards “One Nation, One Grid, One Frequency, One Price” framework.
- MBED will ensure that the cheapest generating resources across the country are despatched to meet the overall system demand and will thus be a win-win for both the distribution companies and the generators and ultimately result in significant annual savings for the electricity consumers.
- The implementation of Phase 1 of MBED is planned to start with effect from 1st April 2022. Before this CERC will align their regulations and mock drill will be carried out to ensure that the system runs smoothly.