Power Chronicle - EAL Newsletter - Volume 01, Issue 01
Energy Analytics Lab (EAL) is an initiative to empower decision-making in the Indian power sector. EAL has put concerted efforts over the last two years to bring forth data analyses and visualisation of the power system and the power market data.Through this newsletter, we provide a glimpse of EAL's analytics that can provide deeper insights into the understanding of the data and its behaviour so as to assist better visibility of the sector for the participants and to strengthen regulations and policy-making in the sector.EAL's analysis demonstrates that availability of analytical tools based on its academic and research strengths can help identify and harness the potential for improving the economics of power sector operation, particularly through optimisation of power procurement portfolio. EAL's analysis points towards a greater scope for co-optimisation of the available contracts within and across the portfolios of distribution utilities. This can help in significantly reducing the power procurement cost which contributes to about 75- 80 percent of the final consumer tariff. EAL has developed State Electricity Tradability Index (SETI) – a complementarity index of load profiles of various pairs of states – which would aid in identifying opportunities for economical inter-state trade of Un-requisitioned Surplus (URS), within and across regions. EAL also provides a perspective on relevant regulatory and policy developments in the power sector. We believe that EAL's analytical ability and the learning tools developed would help in contributing to the overall performance improvement of the sector