Self Evaluation questions
ELECTRICAL Department, RESTRUCTURED POWR SYSTEM by A R ABHYANKAR,
IIT Delhi, New Delhi.
Module 3:
1.Classify market models based on contractual arrangements.
2.Why regulation is necessary in monopoly model?
3.Wholesale model provides a competitive environment for which of these entities?: (generators, large consumers, small consumers)
4.What is the major difference between retail competition model and wholesale competition model?
5.Which market models have ‘many’ number of sellers?
6.What are three distinguishing features of electricity as a commodity?
7.What are four pillars of market design?
8.Classify the systems based on trading arrangements.