Executive-Friendly Program | High Impact Format

Key Highlights of IIT Kanpur Masters in
Power Sector Regulation, Economics and Finance

  • SelectionBased on academic and professional background and test, interview where necessary. No GATE required.
  • High Impact Format Weekend-only Live interactive sessions coupled with self-paced learning.
  • Executive Friendly Schedule Learn while you earn, with the flexibility to complete the program between 1 - 3 years.
  • Career Advancement and Networking Support for placement and facilitation of incubation at IIT Kanpur's Incubation Centre.
  • IIT Kanpur Alumni Status Become an IIT Kanpur alumni with access to all the alumni privileges.
  • Credits Transfer Waiver of upto 60 credits for higher education (MTech/PhD) at IIT Kanpur.

Admission Process

  • Application
    Register with Mobile Number
    Submit Details
    Remit Application Fee
    Upload Documents
  • Selection
    Application Review
    Interview
  • Admission

Class Start - January 2025

* Selection test differs for every programme

e-Masters degree in Power Sector Regulation, Economics and Finance Overview

The program aims to provide a conceptual understanding of power sector regulation from an engineering, economic and regulatory perspective. It presents a detailed perspective of the power sector, with regulations building on fundamental economic principles. It focuses on developing insights into the development of electricity markets in India and discussing the challenges and way ahead. Further, the regulatory process in the power sector is explored using the prevailing and national and international best practices. The content explains the regulatory process considering the applicable engineering, economic, legal, and environmental viewpoints. The modules will also have a lecture by leading industry experts to help participants understand the power sector’s challenges.


Why do participants choose the eMasters degree?



Hear from our Program Alumni



Graduation Ceremony at IIT Kanpur Campus

Outcomes

  • Get eMasters Degree
    from IIT Kanpur
  • Gain an in-depth understanding of the
    power sector regulations
  • Learn from the leading
    research faculty
  • Receive mentorship and career support from
    the IIT Kanpur placement cell
  • Incubation support for promising
    startup initiatives
  • Become a part of IIT Kanpur's
    alumni network

Faculty

  • Anoop Singh
    (Program Coordinator)
    Ph.D., Indira Gandhi Institute of Development Research, Mumbai

    Power /Energy Sector Regulation, Policy and Finance, Renewable Energy Policy and Regulation, Energy Pricing, Tariff Design, Energy Access, etc.
  • Devlina Chatterjee
    Ph.D., Management Studies, IISc Bangalore
    MS, Agricultural Economics and MS, Agricultural Engineering, Penn State University


    Applied Econometrics, Rural Economics, Empirical Finance, Commodity Markets, Consumer Behavior
  • Suman Saurabh
    Ph.D., IIM Ahmedabad
    Master of Business Economics, University of Delhi


    Corporate Finance, Payout Policy, Investments, and Derivative Pricing
  • Ankush Sharma
    Ph.D., IIT Kanpur
    M.Tech., IIT Kanpur


    Power Systems, Smart Grid Technology, State Estimation, IT Application into Power Systems, Smart City, Multi-Agent Systems, etc.
  • S. C. Srivastava
    Ph.D. , Electrical Engineering, Indian Institute of Technology, Delhi

    Power System Dynamics and Stability studies, Optimal Power Dispatch and State Estimation, Security Analysis and Control, Smart Grid, etc.
  • Sri Niwas Singh
    Ph.D.,IIT Kanpur
    M.Tech., Electrical Engineering, IIT Kanpur


    Power System Restructuring, Power System Optimization and Control, Security Analysis, Wind Power, etc.
  • Saikat Chakrabarti
    Ph.D., Electrical Engineering, Memorial University of Newfoundland, Canada

    State Estimation of Transmission and Distribution systems, Stability and Control of Power Systems with Penetration of Renewable Energy, Operation and Control of Microgrids, etc.
  • Abheejeet Mohapatra
    Ph.D., EE, IIT Delhi
    M.Tech., Power Systems, IIT Delhi


    Power System Security, Uncertainty Modelling, Stochastic Analysis and Optimization, Robust and Efficient System Operation and Planning, etc.
  • Deep Mukherjee
    Ph.D., Agricultural & Resource Economics, University of Connecticut
    M.S., Agricultural & Resource Economics, University of Connecticut


    Efficiency and Productivity Analysis, Cost Benefit Analysis, Impact Evaluation, Climate Change and Energy Policy
  • Mousami Prasad
    Ph.D (IIT Bombay)
    Assistant Professor, Department of Management Sciences


    Research Expertise: Energy and Climate Change Economics; Energy Transition; Energy Policy; Industrial decarbonisation (Green Steel; Green Hydrogen)
  • Rajeev Jindal
    PhD (IIT Delhi)
    Professor of Practice, Department of Sustainable Energy Engineering


    Research Expertise: Climate Change and Sustainability
  • Subhankar Mukherjee
    PhD (IIM Calcutta)
    Assistant Professor, Department of Management Sciences


    Research Expertise: Development Economics, Applied Microeconomics.
  • Gururaj Mirle Vishwanath
    PhD (IIT Roorkee)
    Assistant Professor, Department of Electrical Engineering


    Research Expertise: Renewable penetration challenges to the grid, Machine learning applications to power systems, Power Converters for EV and its interfacing challenges, Power Electronics Applications to Power Systems, Microgrid Control (Black out, Islanded Operation, EMS), Stability.
  • Prabodh Bajpai
    Ph.D., IIT Kanpur
    Professor, Department of Sustainable Energy Engineering, IIT Kanpur


    Research Expertise: Renewable Energy Systems, Power System Restructuring, Restructured Electricity Market, Power System Operation, Control and Analysis

For Sector and International Experts, please refer to the below link

View the list

e-Masters in Power Sector Regulation, Economics
and Finance Curriculum

A well-researched real-world curriculum by IIT Kanpur’s subject matter experts that fosters hands-on learning and helps you master the desired capabilities by combining deep formal rigor and an intense practical approach.

Modules

eMasters in Power Sector Regulation, Economics and Finance has 12 core modules in total.

  • Fundamentals of Economics, Accounting and Finance
  • Power Sector Reform and Regulation: Economic Principles and Evolution
  • Power System Operation and Ancillary Services
  • Power Sector Regulation in Practice: MYT Framework for Generation, Transmission & Distribution
  • Competition and Power Market Development
  • Smart Grid Technologies and Implementation
  • Power Procurement: Principles and Practice
  • Renewable Energy Policy, Regulation and Market
  • Regulatory Capstone Project - I
  • Project Financing for Energy and Infrastructure Sectors
  • Designing Retail Electricity Tariff
  • Power Sector Regulation: Legal Aspects, Emerging Issues and International Perspectives
  • Regulatory Capstone Project - II (Elective)

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Immersive Learning Format

  • Live Interactive Sessions
  • Projects
  • Online Examination
  • Campus Visit
  • Online LIVE and self-paced sessions are delivered through AI-powered iPearl.ai
  • Live interaction as per the
    faculty availability
  • Apply learnings through projects while working in teams and establish a peer network
  • Final module-level exams will be conducted online
  • Opportunity to meet experts and experience the IITK campus during campus visits

Eligibility

  • Bachelor's Degree (3/4 years program) or a Masters Degree in the relevant discipline (Engineering / Economics / Law / Commerce / Management etc.) with at least 55% marks or 5.5/10 CPI.
  • Qualified CA/ICWA/CS candidates are also eligible.
  • Minimum of 2 years of full time work experience (You need not be currently employed to be eligible).
  • Candidates with relevant experience will be preferred.

Masters in Power Sector Regulation, Economics and Finance: Fees

Application fee ₹1500 (to be paid during application submission)

Fee structure for candidates opting to complete the program in 1 year.

Details Amount
Registration Fee
To be paid within 1 week of selection
₹40,000
Admission Fee
To be paid to complete enrollment
₹1,60,000
Module Fee
To be paid at the beginning of every quarter based on no. of modules selected
(Total 12 Modules)
₹5,40,000
₹45,000 per module
Quarter Fee*
To be paid at the beginning of every quarter
₹60,000
₹15,000 per quarter
Total Fee ₹8,00,000

*For every additional quarter, fees of Rs 15,000 will be applicable.

For Example

Candidates opting to complete the program in 5 quarters need to pay an additional fee of ₹15,000

Candidates opting to complete the program in 11 quarters need to pay an additional fee of ₹1,05,000

All other fees remain the same.

Fees paid are non-refundable(after a certain time period) and non-transferable.

About IIT Kanpur

Established in 1959 by the Government of India, Indian Institute of Technology Kanpur (IIT Kanpur) is a globally acclaimed university for world-class education and research in science, engineering, management and humanities. We aim to provide leadership in technological innovation for the growth of India.

  • Ranked 5th in Innovation, 4th in Engineering and 4th in Overall Category by NIRF 2024
  • Built on world-class academic research culture
  • Offers various undergraduate, post-graduate, integrated, and research programs in the field of engineering, science, management, and design
IIT Kanpur Online Masters Degree Courses

State-of-the-Art Digital Learning Platform

The eMasters Program by IIT Kanpur will be delivered on iPearl.ai, a State-of-the-Art digital learning platform, powered by TalentSprint. iPearl.ai, highly rated for its user experience, is a direct-to-device platform that works seamlessly on any internet-connected device and provides a single-sign on experience for all your learning needs including recorded videos, reading material, live interactive sessions, assignments, quizzes, discussion forums, virtual lounges and more.

Frequently Asked Questions

Program Module Details

  • Fundamentals of Economics, Accounting and Finance
    The module provides an overview of economics and data analysis fundamentals, providing a basis for understanding other modules in the program. In addition, it helps program participants understand the financial statements and introduces financial accounting challenges such as measuring and reporting issues related to assets and liabilities.
  • Power Sector Reform and Regulation: Economic Principles and Evolution
    The module helps program participants understand the economic rationale for regulation, the regulatory and policy changes in the Indian power sector.
  • Power System Operation and Ancillary Services
    The module provides an overview of the key aspects of a power system covering generation, transmission, and distribution. It helps program participants identify ancillary services' roles and examine the cost drivers for ancillary services, regulation, and reserve products and understand the technological and operational aspects and their adoption in the Indian power sector.
  • Power Sector Regulation in Practice: MYT Framework for Generation, Transmission & Distribution
    The module helps program participants understand how the tariff setting exercise is made more predictable using Multi-Year Tariff Framework.
  • Competition and Power Market Development
    The module provides an overview of the status of the development of the Power Market in India. It is predominantly based on case discussions supplemented with lectures/class discussions on related concepts.
  • Smart Grid Technologies and Implementation
    The module helps program participants understand the implementation and technologies involved to integrate and optimize distributed energy resources to achieve a more efficient and reliable grid. This module will include case discussions supplemented with lectures/class discussions on related concepts.
  • Power Procurement: Principles and Practice
    The module provides an overview of the power procurement in the power sector.
  • Renewable Energy Policy, Regulation and Market
    The module provides an overview of the Renewable Energy Policy, Regulation and Market.
  • Regulatory Capstone Project - I
    The program participants would work under the supervision of an identified mentor. A suitable topic relevant for the program would be identified based on the mutual consultation by the participant with the program coordinator/instructor. A report template and timeline for the project would be provided at the time of registration. The identified project would be covered in two modules. The project will be evaluated by the committee based on the relevance of the problem statement, the methodological approach, the outcome, the literature review and the quality of the manuscript, including language, formatting, etc.
  • Project Financing for Energy and Infrastructure Sectors
    The course would provide an exposure to the conceptual and applied understanding while evaluating a project financing deal. The course would also help understand the contractual linkages that identify, manage and allocate various risks in a Project Financing, particularly in the energy and infrastructure sectors.
  • Designing Retail Electricity Tariff
    The module helps program participants gain in-depth knowledge to examine the existing Regulatory framework in Electricity Retail Tariff.
  • Power Sector Regulation: Legal Aspects, Emerging Issues and International Perspectives
    The module helps program participants understand the international experience from power sector deregulation/reform. The module would be based on global power sector, regulatory policies and reforms.
  • Regulatory Capstone Project - II (Elective)
    The program participants would work under the supervision of an identified mentor. A suitable topic relevant for the program would be identified based on the mutual consultation by the participant with the program coordinator/instructor. A report template and timeline for the project would be provided at the time of registration. The identified project would be covered in two modules. The project will be evaluated by the committee based on the relevance of the problem statement, the methodological approach, the outcome, the literature review and the quality of the manuscript, including language, formatting, etc.

Quarter 1

  • Fundamentals of Economics, Accounting and Finance
  • Power Sector Reform and Regulation: Economic Principles and Evolution
  • Power System Operation and Ancillary Services

Quarter 2

  • Power Sector Regulation in Practice: MYT Framework for Generation, Transmission & Distribution
  • Competition and Power Market Development
  • iSmart Grid Technologies and Implementation

Quarter 3

  • Power Procurement: Principles and Practice
  • Renewable Energy Policy, Regulation and Market
  • Regulatory Capstone Project – I

Quarter 4

  • Regulatory Capstone Project – II
  • Designing Retail Electricity Tariff
  • Power Sector Regulation: Legal aspects, Emerging Issues and International Perspectives

Quarter 1 Module Schedule
Module 1 Fundamentals of economics, Accounting and
Finance
Saturday (11:00 am -12:00 pm)
Module 2 Power Sector Reform and Regulation: Economic Principals and evolution Sunday (9:30 am - 10:30 am)
Module 3 Power System Operation and ancillary services Saturday (9:30 am - 10:30 am)