The Energy Analytics Lab (EAL), supported by CSR funding from the Indian Energy Exchange Ltd., is an industry supported academic initiative of the Department of Industrial and Management Engineering (IME), IIT Kanpur. The EAL aims at building power market database, and developing learning and visualization tools for the same.
These elements would enable stakeholders to understand various aspects related to power markets and take informed decisions. In particular, this would help decision making for procurement/sale of power, optimal utilization of existing/proposed generation assets (conventional as well as renewable), design of new products for power markets, and support development of a vibrant market for renewable energy certificates (RECs).This would also assist policymakers and regulators to take appropriate initiatives for development of power market, in creating a conducive environment for investment, and meeting the green growth aspirations for the sector. The activities of the EAL would support academic and research endeavours in the department. During the course of five years, EAL aims at establishing itself at the national and international levels to provide quality data analysis and support research activities related to power market.