PXIL launches I-DAS to integrate RE and conventional power trading

Power Exchange India Limited (PXIL) has launched the integrated day ahead spot (I-DAS) market, a collective transaction that integrates transactions for renewable energy (RE) with conventional energy.

Through I-DAS, market participants can submit orders for transacting in RE as well as conventional power in the same bidding window. The matching algorithm is designed to discover separate prices for both the RE and conventional segment, thus offering an integrated contract to the participants.Transactions are executed in a sequential manner where RE orders will be cleared first, followed by merging of uncleared orders from the RE segment with other orders received in the conventional segment. This provides an opportunity for both RE buyers and sellers to transact power under any segment and thus optimise their portfolio.