Which of the following statement(s) is/are correct?
A. Only I
B. I and II
C. I and III
D. All of the above
Answer:D
Which of the following statement(s) is/are correct?
A. Only I B. I and II C. I and III D. All of the above
Explanation: The Open Access (OA) policy introduced under Electricity Act 2003, allows consumers with electricity load above 1 MW to procure electricity directly from electricity markets. At its core, OA provides an aggregation of the country-wide supply and demand on the same platform. In 2008, power exchanges were set up to operationalize OA and create a national electricity market where price discovery occurs through competitive bidding. OA policy allows consumers with electricity load above 1 MW to procure electricity directly from electricity markets.