KSERC allows KSEBL to enter into swap transactions

In response to a petition filed by Kerala State Electricity Board Limited (KSEBL), the Kerala State Electricity Regulatory Commission (KSERC) has allowed it to enter into swap transactions for managing the unexpected energy crisis during March 2020 due to the forced outage of two units at Idukki hydel station.

The commission has approved KSEBL’s swap transactions with BSES Rajdhani Power Limited (BRPL) through the trader Manikaran Power Limited (MPL). However, the commission ordered that henceforth, KSEBL shall seek approvals for ‘additional short-term power procurement’ strictlyas per the Tariff Regulations, 2018 and shall strictly follow the evaluation criteria notified in the notice inviting tender. Further any relaxation or approval given by the commission in a specific petition cannot be considered and treated as a universal/generic approval for all future tenders.

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