What’s relevance of independent system operators, rational transportation tariffs in building gas markets

As India aspires to be a sustainable energy economy, the government has set into motion several changes that are resulting in a churn in India’s energy basket. The push could be seen at both the industrial and residential consumer level in the gas sector with many new reforms already introduced and several in the pipeline. The introduction of gas markets last year was one significant step towards this direction. In fact, gas markets would be key in the all-around development of India’s gas industry by facilitating greater market access to buyers and sellers along with ensuring competitive and transparent pricing and flexibility in procurement. However, in order to unlock the true potential of the gas markets, India must provide the right policy support.