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.
Power companies expect better margins this summer owing to higher electricity demand on the back of rising temperatures earlier than previous years. The short-term electricity tariffs discovered by state distribution companies seeking supply of...
To promote solar energy in the State, Government of Uttar Pradesh has issued Solar Energy Policy-2017. The policy inter alia provides the following: Clause 8.1.4: Category-4 Large scale stand-alone solar projects set up for...
The Yogi Adityanath-led cabinet on Friday approved a proposal handing electricity distribution in five Uttar Pradesh cities — Lucknow, Meerut, Moradabad, Varanasi and Gorakhpur — to private franchisees, a decision that has sparked a...
Day-Ahead Market Purchase Bids (MWh) 97,585 Sell Bids (MWh) 156,632 MCV (MWh) 82,402 Cleared Volume (MWh) 82,402 Average MCP (Rs./kWh) 2.82
Faced with a power shortage that led to load-shedding across the state, the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) has now bought 1,450 MW power through short-term power purchase agreements with generators. “Short-term...
Bangladesh will install another cross-border high-voltage transmission line for importing 500-megawatt electricity from India, officials said Monday. This will be the second such line to be used for importing Indian electricity. Currently, 500MW power...
New Delhi: A part of the 200 year-old Kongsberg Group, Kongsberg Digital AS of Norway has entered into a Memorandum of Understanding (MoU) with India’s largest power trading organisation, the Power Trading Corporation of India (PTC) recently. As quoted...
According to The Himalayan Times, the regulation issued by Central Electricity Regulatory Commission for Nepal, Bangladesh, Bhutan and Myanmar seeks INR 10 million per megawatt as bank guarantee to utilise India’s transmission network. Only those...
Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal launched here today the ‘MERIT app (Merit Order Despatch of Electricity for Rejuvenation of Income and Transparency)’ and the e-bidding portal...
London: The London Stock Exchange today welcomes Rural Electrification Corporation’s (REC) first green bond, which was admitted to trading on London’s International Securities Market (ISM). The ten year dated green bond raised $450 million, with...
NEW DELHI: All India Power Engineers Federation (AIPEF) today slammed the Teesta-III power project as a failed example of public-private partnership since it is selling electricity at a discounted rate in open market, as...
The IO-bound Indian Energy Exchange (IEX), which is currently involved in the day ahead market (DAM), the term ahead market (TAM) and renewable energy certificates, has drawn up an expansion strategy. It includes entering...
HYDERABAD: The Telugu states of Andhra Pradesh and Telangana are engaged in a row over payment of dues for power with both seeking their rightful dues, and threats to cut of power supply. The recent...
Over the last few decades many businesses have been affected by disruptive technologies which have delivered the same products as theirs at much lower cost and in an easier way. Be it telecommunication, computers,...
History is created today, as the record low tariffs achieved in the auction concluded on 09.05.2017 for Bhadla Phase-IV Solar Park, Rajasthan has been broken, with even lower tariff of Rs. 2.44 per unit...
States are willing to consider a proposal to reduce electricity tariffs through rationalised subsidies and pooling the power that NTPC supplies, said Piyush Goyal, Minister of State for Power, Coal, New & Renewable Energy,...