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DTEND;TZID=Europe/London:20221109T153000
UID:https://www.lse.ac.uk/granthaminstitute/?post_type=event&p=61128
DTSTAMP;TZID=Europe/London:20260412T030122Z
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<p>Akshaya Jha is an Assistant Professor of Economics and Public Policy\, Carnegie Mellon University\, Heinz College of Information Systems and Public Policy.  Akshaya will be discussing the paper <em>Blackouts: The role of India's wholesale electricity sector</em></p>
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<p>Abstract: </p>
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<p>Electricity blackouts impose substantial economic costs on firms and households. This paper advances a new explanation for their continued prevalence in India\, the world’s third-largest power sector.  Using novel 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 by suppliers for economic rather than technical reasons.  Reducing supply-side misallocation by returning plants on discretionary outage to service significantly lowers procurement costs\, resulting in increases in the quantity of electricity purchased by utilities sufficient to eliminate roughly 70% of reported shortfalls between quantity demanded and supplied.</p>
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<p>Please email <a href="mailto:gri.events@lse.ac.uk"><strong>gri.events@lse.ac.uk</strong></a>  to request the Zoom joining details for this workshop by by 5pm on Tuesday\, 8 November 2022.</p>
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URL;VALUE=URI:https://www.lse.ac.uk/granthaminstitute/events/akshaya-jha-rss/
SUMMARY:Blackouts: The role of India’s wholesale electricity sector | Akshaya Jha
DTSTART;TZID=Europe/London:20221109T140000
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