The Competitive Effects of Transmission Infrastructure in the Indian Electricity Market

I thank Esther Duflo, Michael Greenstone and Rohini Pande for continual support and guidance. I thank Arvind Pande for advice as well as Pramod Deo, S. Jayaraman, V. S. Verma, Rajiv Bansal, Pankaj Batra, Vijay Deshpande and especially Rahul Banerjee of the Central Electricity Regulatory Commission for facilitating this study. Thanks also to Jayant Deo and Akhilesh Awasthy of IEX, Rupa Devi Singh of PXI, S. K. Soonee, S. C. Saxena and S. S. Barpanda of the NLDC and to seminar participants at the CERC, MIT and UCEI. Thanks to Joe Shapiro, Mar Reguant and Steven Puller for detailed comments. The data used in this paper were obtained under a non-disclosure agreement with the Central Electricity Regulatory Commission. The views and analysis herein, including any errors, are mine alone and are not attributable to the parties thanked above in general or to the CERC in particular. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.