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1. Question
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The term 'Market-Based Economic Dispatch (MBED) mechanism', sometimes mentioned in the news is related to
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The Market-Based Economic Dispatch (MBED) mechanism envisages centralised scheduling for dispatching the entire annual electricity consumption of around 1,400 billion units.
MBED mechanism proposes a centralised scheduling of power dispatches, both inter-state and intra-state.
It will mark a clear shift from a decentralised model which is backed by Electricity Act, 2003.
MBED is a way forward to deepen power markets in line with the Centre’s ‘One Nation, One Grid, One Frequency, One Price’ formula.
It will ensure that the cheapest electricity generating resources across the country are supplied to meet the overall system demand and will therefore be a win-win for both the distribution companies and the generators and result in savings for consumers.
The implementation of the first phase of MBED was earlier planned to start with effect from April 1, 2022.
Incorrect
Exp)
The Market-Based Economic Dispatch (MBED) mechanism envisages centralised scheduling for dispatching the entire annual electricity consumption of around 1,400 billion units.
MBED mechanism proposes a centralised scheduling of power dispatches, both inter-state and intra-state.
It will mark a clear shift from a decentralised model which is backed by Electricity Act, 2003.
MBED is a way forward to deepen power markets in line with the Centre’s ‘One Nation, One Grid, One Frequency, One Price’ formula.
It will ensure that the cheapest electricity generating resources across the country are supplied to meet the overall system demand and will therefore be a win-win for both the distribution companies and the generators and result in savings for consumers.
The implementation of the first phase of MBED was earlier planned to start with effect from April 1, 2022.
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