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.

Nepal requests India to supply more electricity

Kathmandu, Nepal has requested India to provide additional power through two newly-built transmission lines as part of the country’s efforts to end load-shedding. In a meeting with India’s Union Power Minister Piyush Goyal, Nepal’s...

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...