Redesigning day-ahead electricity markets in India In India, electricity distribution companies (discoms) acquire power primarily through long-term (up to 25 years), medium-term (up to 5 years), and short-term (up to 1 year) contracts. Most daily demand is met through long- and medium-term contracts, supplemented by bilateral transactions and power exchanges. visit https://www.ceew.in/cef/quick-reads/explains/redesigning-day-ahead-electricity-markets-in-india