Category: Power Trading

Open access allows large users of power — typically having connected load of 1 megawatt (Mw) and above — to buy cheaper power from the open market. The idea is that the customers should be able to choose among a large number of competing power companies–instead of being forced to buy electricity from their existing electric utility monopoly.

State keen on reducing time frame of PPA

The State government has decided to negotiate with energy generating companies such as NTPC and other gas-based power plants on reducing the time frame of the PPA (Power Purchase Agreement) from the existing 25...

Maharashtra to learn a lesson from Gujarat

After slipping from 6th rank to 14th in the Union Power ministry’s ranking of 40 state discoms in the country, Maharashtra has sent out its team of technical experts to learn from Gujarat whose...

DAY AHEAD MARKET (TRADING PROCESS FLOW)

Trading Process Bidding Participants enter bid for sale and purchase of power on the following day (T+1 day) Bid for total of 96 blocks can be added 15 minutes each can be entered. The...

Parl panel seeks forensic audit of shareholding in IEX

A Parliamentary panel today sought forensic audit of the shareholding pattern of Indian Energy Exchange (IEX) to check whether Financial Technologies India Ltd (FTIL) holds any stake in the company through cross holding, buy-back...

Odisha to firm up 300 Mw through power banking

Faced with a peak power deficit of 300-350 Mw, Odisha is making all out efforts to plug the demand-supply gap. The state government is increasingly turning to power bankingoption to cater to its rising...

Maharashtra seeks to ease power open-access rules

Electricity consumers in Maharashtra might be able to buy power from sources other than distribution companies once the draft Distribution Open AccessRegulations 2015 released by the Maharashtra Electricity Regulatory Commission (MERC) are notified. The...

Railways moves CERC for connectivity, open access

The Indian Railways, which will soon enter into a long-term power purchase agreement for 500 Mw power from Dabhol project, has approached the Central Electricity Regulatory Commission (CERC) with a plea to grant connectivity,...