CERC to Evaluate Pricing Methodology in Power Exchanges, Invites Stakeholder Comments
The Central Electricity Regulatory Commission (CERC) has issued a discussion paper on pricing methodology in the power trading market in the wake of price spikes and unprecedented demand in the ...
CERC Orders Power Exchanges to Cap Market Clearing Price at ₹12/kWh
Central Electricity Regulatory Commission (CERC) directed the power exchanges to re-design their bidding software so that members can submit their buy bids at the maximum price of ₹12 (~$0.16)/kWh for ...
Andhra Pradesh Issues Short-Term Power Procurement Regulations
The Andhra Pradesh Electricity Regulatory Commission (APERC), in order to simplify the short-term power procurement process, has issued the 'Terms and Conditions for Short-term Procurement and Sale of Power, Regulations, ...
Uttar Pradesh Sold the Highest Amount of Electricity in Day-Ahead Market in Q2 2021
Uttar Pradesh sold the highest amount of power in the day-ahead market (DAM) in the second quarter (Q2) of 2021, accounting for 13.9% of all power sold in the quarter, ...
CERC Approves Introduction of Green Day Ahead Contracts on Energy Exchanges
The Central Electricity Regulatory Commission (CERC), in a recent order, approved the introduction of the Green Day Ahead Contract (GDAC) at the Indian Energy Exchange (IEX) and the Power Exchange ...
Mumbai Municipality Issues Tender for a 100 MW Floating Solar-Hydropower Hybrid Project
The Municipal Corporation of Greater Mumbai (MCGM) has floated a tender to develop 100 MW of floating solar-hydropower hybrid power projects at the Middle Vaitarna Dam in the state. Of ...
Himachal Pradesh Amends its Regulation for Deviation Settlement Mechanism
The Himachal Pradesh Electricity Regulatory Commission (HPERC) has finalized the amendments to its regulation on deviation settlement mechanism (DSM). The state commission had proposed the amendments in May 2019 and ...
Spot Power Price Continues to Soar Four Months in a Row, Hovers at ₹3.34/kWh in May 2019
In May 2019, the spot power price rose to ₹3.34 (~$0.048)/kWh, making it the fourth consecutive month in 2019 in which spot power price has continued its rise. In April ...
Spot Power Price Hovers at ₹3.22/kWh in April 2019, a 19% Dip YoY
The peak power demand in the country touched an all-time high of 176.8 GW in April 2019. According to the Indian Energy Exchange (IEX), the all India peak demand touched ...
All India Peak Power Demand Increased 5% Year-over-Year Touching 169 GW in March 2019
In March 2019, the peak demand touched a high of 169 GW pushing power prices up. According to the Indian Energy Exchange (IEX), the all India peak demand touched 169 ...
Spot Power Price Dips to ₹3.08/kWh in February 2019, a 4% Decline YoY
For the second month in a row, the peak power demand in India stood at 162 GW. According to the Indian Energy Exchange (IEX), the all India peak demand touched ...
Peak Power Demand in India Increased Year-Over-Year by 4% in January 2019
According to the Indian Energy Exchange (IEX), the all India peak demand touched 162 GW in January 2019, registering a 4 percent increase over the peak demand registered in January ...
Power Demand Increases, Spot Power Price Up 10% YoY in December 2018
Spot power price in India declined to ₹3.30 (~$0.04766)/kWh in December 2018, an eight percent decline month-over-month (MOM). However, the spot price increased by 10 percent year-over-year (YoY). “Compared to ...
CERC Charts Plan to Redesign India’s Power Market
In a recent discussion paper titled Market Based Economic Dispatch of Electricity: Re-designing of Day-Ahead Market (DAM) in India, the Central Electricity Regulatory Commission (CERC) has analyzed India’s power market, ...
After Soaring High in October, Spot Power Price Dips to ₹3.59/kWh in November 2018
In the month of November 2018, the spot power price declined to ₹3.59 ($0.05)/kWh after soaring high in the past few months. The price of ₹3.59 ($0.05)/kWh is 1 percent ...
Spot Power Price Continued to Soar in October 2018 at ₹5.94/kWh
Maintaining its upward trend, India’s spot power prices soared in the month of October. This was the second month in a row which saw a reversal in the prevalent trend ...
Spot Power Price Rose 41% Due to Shortage of Coal, Reduced Generation from Hydro and Wind
Spot power price witnessed an unprecedented spike in September 2018, reversing the trend from the previous months. In September 2018, the recorded spot power price was ₹4.69 (~$0.063)/kWh. This is ...
Spot Power Price Declines to ₹3.34/kWh in August 2018
The slump in spot power price continued in August 2018. In August , the recorded spot power price was ₹3.34 (~$)/kWh which was still higher than recent tariffs quoted in solar and ...
Spot Power Price Declines by 7% to ₹3.46/kWh in July but Still Higher than Solar Tariffs
The spot power price has continued its slump into yet another month. In July 2018, the recorded spot power price was ₹3.46 (~$0.0505)/kWh but was still higher than recent tariffs ...
After Flying High for Months, Spot Power Price Declines to ₹3.73/kWh in June 2018
In June 2018, spot power price stood at ₹3.73 (~$0.054)/kWh. This recorded price proved to be a trend reversal of sorts for spot power prices over the past few months ...
Maharashtra to Study the Impact of Floating Solar Project on Ujani Dam
The government of Maharashtra has set up a committee to examine the issues related to the development of a floating solar power project at the Ujani dam in Sholapur, according ...
Spot Power Price Spikes to ₹4.67/kWh in May 2018
In May 2018, spot power price spiked to ₹4.67 (~$0.0695)/kWh. May’s spot power price was ₹1.76 (~$0.0262)/kWh higher than the spot price recorded in May 2017, registering an increase of ...
Spot Power Price Remains High at ₹3.98/kWh in April 2018
In April 2018, the spot power price was ₹3.98 (~$0.0594)/kWh, ₹1.21 (~$0.0180)/kWh more than the ₹2.77 (~$0.0413)/kWh recorded in April 2017, an increase of approximately 44 percent. The key reasons ...
Spot Power Price Rose to ₹4.02/kWh in March 2018
The average spot power price recorded in March 2018 shot up by approximately 57 percent when compared to the price recorded in the same month last year. The increase in ...