The Indian Energy Exchange (IEX) has filed a petition with the CERC proposing new bid order categories for spot electricity trade. Currently, buyers can raise three bid types (single bid, block bid and linked block bid) in the day-ahead market to meet their immediate power requirement. The IEX has proposed seven more bid variants based on the source, quality, and utility of power and has sought comments on these as per the directives of the CERC. The proposed bid types are minimum quantity block bid, profile block bid, minimum income bid (MIC), MIC bid with schedule stops condition, enhancement in link bid, flexi-bid, and load gradient bid.
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