Comments on the CERC Staff Paper on Capacity Market for Electricity in India

The electricity team at TrustBridge submitted its comments against CERC’s 2026 staff paper proposing a capacity market for India. The comments support near-term ancillary services reform — particularly market-based procurement of primary reserves. They argue that the case for a capacity market remains premature and unproven, requiring stronger empirical grounding on resource adequacy, demand curve construction, net CONE estimation, technology eligibility, and market power risks before introduction.

COMMENTS