Tariff, investment regulation required with competition in power market: S&P Global

S&P Global researchers suggest that government regulation on tariffs and investments is crucial to complement competition in India's power market, especially for transmission and distribution, which are natural monopolies requiring substantial capital. The article highlights the concentration of large conglomerates in renewable power and advocates for incentivizing MSME investments. It also stresses the need for market structure and design reforms, linking energy reforms to geopolitical risks and their economic spillovers.