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The document discusses power trading in India before and after the Electricity Act of 2003. Pre-EAct, power trading was sporadic between states and involved short-term (3 day) and long-term (5 year) contracts through the Power Trading Corporation for surplus power from states, central generators, Nepal and Bhutan, totaling 300-500 MW traded annually. The EAct 2003 aimed to liberalize power generation, distribution and trading. It established that inter-state trading would be regulated by CERC while intr

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