B.E. (Electrical) RESTRUCTURING & DEREGULATION (2008 Pattern) (Elective – II) (Sem. – I)
Time: 3 Hours] [Max. Marks :100
Instructions to the candidates:
1) Answer any three questions from each section.
2) Answers to the two sections should be written in separate books.
3) Neat diagrams must be drawn wherever necessary.
4) Figures to the right indicate full marks.
SECTION – I
Q1) a) Explain functions of following : 
i) National Electricity Policy.
ii) Ministry of Power.
b) Explain the institutional structure of Indian power sector before and after restructuring opted. 
Q2) a) Explain the key objectives of ‘Electricity Act 2003’ with reference to generation, transmission and distribution sector. 
b) Explain the working of Indian Energy Exchange (IEX) for day ahead market. 
Q3) a) Explain following economic terms of power sector. 
i) Fixed cost and variable cost.
ii) Capital cost.
iv) Interest and finance charges.
v) Profitability indices.
b) Describe the desirable characteristics of tariff of electricity. 
Q4) a) Explain different performance indices for generation, transmission and distribution. 
b) Explain any two method to assess the financial feasibility of any project.
Q5) Explain following methods of regulations : 
a) Rate of return regulation.
b) Performance based regulation.
c) Incentive regulation.
d) Benchmarking or Yardstick regulation.
Q6) a) Explain the role of State Electricity Regulatory Commission and Central Electricity Regulatory Commission. 
b) Explain the importance of ‘public’ participation in regulatory process.
 SECTION – II
Q7) Write short note on following models based on industry structure and contractual arrangements : 
a) Wholesale Competition. b) Retail Competition.
c) Pool and bilateral trade. d) Multi-lateral trade.
Q8) a) Compare between ‘competition for the market’ and ‘competition in the market’. 
b) Explain the important changes occurred in Indian power sector after electricity reform. 
Q9) Explain the concept of trading of power. Write short note on following trading models : 
a) Integrated trading model.
b) Wheeling trading model.
c) Decentralized trading model.
Explain retail competition. Also explain the retail access framework.  Explain the impact of reform on regulation and externalities. 
Explain the concept of open access. Also explain the concept of transmission rights and transmission pricing. 
State the key features of Indian Grid code. Also explain transmission congestion issues. 
Explain the working of Independent System Operator (ISO) and Load Dispatch Center (LDC). 
Explain three parts of Availability Based Tariff. Also explain how with implementation of ABT, the grid operation is improved in Indian power sector. 
❖ ❖ ❖