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Abstract Thermal power plants in India are operating under very low Utilization Factors. The average national Utilization Factor of coal based thermal power plants was 77.5 % % in 2009-10 which has come down to 53.37 % in 2021-22. Many studies and reports indicate that, in the business-as-usual situation, average Utilization Factor may drop to 40% in next 2-3 years. This situation has arisen partly because of substantial injection of renewable energy in the grid. Since the renewable energy provides intermittent supply, thermal plants have to dance to the tune of renewable energy in order to sustain the grid stability. These thermal plants have to therefore ramp-up and ramp-down load several times a day. It is one of the major causes for overall low Utilization Factor. The situation is now putting immense technical and financial pressure on the thermal plants. Regulators, policy makers, power plant developers, lenders and other key stakeholders need to take notice of it. In this paper, we explore the direct financial impact on the Profits / Return on Equity (ROE) of thermal power plants under these circumstances. We find that under the regulated tariff regime, thermal power plants may see a reduction in Return on Equity (ROE) to the tune of 26 % if average Utilization Factor drops from a level of   90 % to 35 %. Downloads Download data is not yet available. Downloads FULL TEXT Published 2022-09-27 How to Cite Tripathi, A. K., & Anand, N. (2022). Falling Utilization Factor of Thermal Power Plants in India and Its Financial Impact. International Journal of Energy Economics and Policy, 12(5), 209–216. https://doi.org/10.32479/ijeep.12959 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 12 No. 5 (2022) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Most read articles by the same author(s) Alok K. Tripathi, Crisis of Survival of Thermal Power Plants in India due to Consistently Falling Capacity Utilization – Factors Responsible and Future Outlook , International Journal of Energy Economics and Policy: Vol. 11 No. 3 (2021) Make a Submission Make a Submission Dergi Kapağı

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