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SUMMARY:Blackouts in the Developing World: The Role of Wholesale Electrici
 ty Markets - Akshaya Jha (Carnegie Mellon University)
DTSTART;VALUE=DATE-TIME:20221107T160000Z
DTEND;VALUE=DATE-TIME:20221107T170000Z
UID:https://talks.ox.ac.uk/talks/id/ee22e080-d3f1-4719-b74e-5ce869b87dd6/
DESCRIPTION:Electricity blackouts impose substantial economic costs on fir
 ms and households. This paper advances a new explanation for their continu
 ed prevalence in India\, the world’s third-largest power sector. Using n
 ovel data on India’s wholesale electricity sector\, we demonstrate that 
 utilities satisfy less electricity demand when wholesale procurement costs
  are high. As a result\, supply-side misallocation of output across power 
 plants can decrease the quantity of electricity supplied to end-users. We 
 provide evidence that a substantial share of the supply-side misallocation
  in India arises from discretionary power plant outages---outages called b
 y suppliers for economic rather than technical reasons. Reducing supply-si
 de misallocation by returning plants on discretionary outage to service si
 gnificantly lowers procurement costs\, resulting in increases in the quant
 ity of electricity purchased by utilities sufficient to eliminate roughly 
 70% of reported shortfalls between quantity demanded and supplied.\nSpeake
 rs:\nAkshaya Jha (Carnegie Mellon University)
LOCATION:Manor Road Building (Skills Lab)\, Manor Road OX1 3UQ
TZID:Europe/London
URL:https://talks.ox.ac.uk/talks/id/ee22e080-d3f1-4719-b74e-5ce869b87dd6/
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DESCRIPTION:Talk:Blackouts in the Developing World: The Role of Wholesale 
 Electricity Markets - Akshaya Jha (Carnegie Mellon University)
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