Blackouts: The role of India's wholesale electricity sector | Akshaya Jha - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/akshaya-jha-rss\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackouts: The role of India's wholesale electricity sector | Akshaya Jha - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"Akshaya Jha is an Assistant Professor of Economics and Public Policy, Carnegie Mellon University, Heinz College of Information Systems and Public Policy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/akshaya-jha-rss\/\" \/>\n<meta property=\"og:site_name\" content=\"Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-03T09:32:44+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/events\\\/akshaya-jha-rss\\\/\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/events\\\/akshaya-jha-rss\\\/\",\"name\":\"Blackouts: The role of India's wholesale electricity sector | Akshaya Jha - 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{"id":61128,"date":"2022-08-17T11:20:19","date_gmt":"2022-08-17T10:20:19","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=event&p=61128"},"modified":"2022-11-03T09:32:44","modified_gmt":"2022-11-03T09:32:44","slug":"akshaya-jha-rss","status":"publish","type":"event","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/akshaya-jha-rss\/","title":{"rendered":"Blackouts: The role of India’s wholesale electricity sector | Akshaya Jha"},"content":{"rendered":"\n

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 Blackouts: The role of India’s wholesale electricity sector<\/em><\/p>\n\n\n\n

Abstract: <\/p>\n\n\n\n

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>\n\n\n\n

Please email 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>\n\n","protected":false},"excerpt":{"rendered":"\n