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The mechanism of market coupling will ensure buy and sell bids from all power exchanges in India will be aggregated and matched, in order to discover a uniform clearing price, which will result in only one price for the electricity that is to be traded through power exchanges.
It is tough for the new government to meet Bihar chief minister Nitish Kumar’s possible demand for “one nation, one power tariff”
Data from the Ministry of Power showed that all current payments of gencos are up-to-date and the legacy dues of gencos have come down by 63 percent from Rs. 1.396 lakh crore to Rs. 51,268 crore in just over a year since the late payment surcharge rules were notified.
NTPC RE Ltd, a subsidiary of NTPC, will undertake a study to get a consolidated view of the future power market landscape, identify factors likely to impact the prices and simulate plausible trajectories of merchant price evolution for the next 20 years
CRISIL MI&A expects power demand to increase 9-10 percent on-year in the second quarter of fiscal 2024, and to rise 5 percent on-year over the full year.
Aggregation of buying and selling on power exchanges may disrupt the current market hierarchy but will likely increase competition in the short-term market.
The power exchange is finding it difficult to protect its moat amid regulatory uncertainties
Market coupling is a must to bring a Market-Based Economic Dispatch (MBED) mechanism in India, which in turn will help in the reduction of power tariffs as it will increase flexibility and liquidity in the trade of electricity in the country.
The move is a step towards the government's intention to shift India's electricity trading from long-term (25 years) power purchase agreements (PPAs) to electricity markets (exchanges) and shorter PPAs of up to 12-15 years. It also means the government has revived its plan to introduce Market-Based Economic Dispatch (MBED) mechanism in India.
Overall, until now, 194 MWh has been traded in HP-DAM. The highest trade happened on April 17, with 98 MWh at the market clearing price of Rs. 19.64.
Under the revised mechanism, the merit order for power dispatch in the exchanges will be decided a day in advance instead of the he current 1.5 hours. The system will also include all thermal power generators, instead of just NTPC's thermal stations, which is currently the case.
Moneycontrol was the first to report that Central Electricity Regulatory Commission's nod to HP-DAM market was expected anytime and IEX will launch it next month
Tamil Nadu, Telangana, MP, Mizoram, Jharkhand, Bihar, Rajasthan, Andhra, Maharashtra, Karnataka and Chhattisgarh have been barred from trading on power exchanges from August 19. The move could make power outages more common in the affected states.
At the current price, the IEX stock offers little margin of safety
According to a source in the know, the 10-member NSE Board took the decision to shut down the exchange in its meeting convened on the last week of January.
India's largest power exchange is hoping to ramp up volumes in the trade of renewable energy credits from April 2012, its chief said, seeking to tap a market estimated to be worth USD 8 billion by 2017.
