By Vivek Singla, Managing Director and Chief Executive Officer, Power Exchange India Limited India’s short-term electricity market has achieved remarkable growth over the past 15 years. Supportive policies and continuous innovation by power exchanges have […]
Currently, India relies on long-term power purchase agreements (PPAs) for procuring generation capacity. Under this system, generators enter into long-term contracts with discoms and recover fixed costs based on the declared availability of their plants. […]
Electricity demand patterns are becoming increasingly dynamic due to weather events, economic activity and changing consumption behaviour. These developments have increased the need for faster and more efficient balancing mechanisms in the power system. To […]
By Dr U.R. Prasad, Advisor (Economics), Central Electricity Regulatory Commission The spot electricity market is a wholesale marketplace where electricity is bought and sold for immediate or very short-term physical delivery, typically within the same […]
The introduction of electricity derivatives marks a significant step in the evolution of India’s power market. By enabling better price discovery and risk mitigation, derivatives are expected to enhance overall market efficiency. Industry experts discuss […]
Virtual power purchase agreements (VPPAs) are an important tool for accelerating renewable energy adoption, driving the decarbonisation of commercial and industrial operations, and supporting organisations in achieving their renewable energy goals. They are particularly relevant […]
The Central Electricity Regulatory Commission (CERC) recently issued a suo moto order to power exchanges, driven by growing concerns over price deviations and potential market manipulation in certain short-term electricity contracts. This regulatory action was […]
Regulatory commissions play an instrumental role in the power distribution segment, regulating tariffs for generating companies, issuing licences for interstate operations, adjudicating disputes and enhancing stakeholder access to information. Besides, commissions also levy fees, specify […]
Market monitors are crucial for continuously overseeing market activity, particularly in terms of predicting the possession of market power in the power market. This is because electricity cannot be stored economically at large volumes, and […]
The Central Electricity Regulatory Commission (CERC) has issued two suomotu orders on general network access (GNA). These orders, issued in October 2023, are aimed at mitigating difficulties in implementing certain provisions of the CERC (Connectivity […]
By Rishu Garg, Policy Specialist, Center for Study of Science, Technology and Policy Grid frequency indicates the over- or undergeneration of electrical power, and deviations therein signify an unstable power system network. Therefore, grid discipline […]
India is rapidly expanding its renewable energy portfolio to achieve its ambitious goal of 500 GW of non-fossil-fuel-based energy by 2030 and net zero emissions by 2070. As the proportion of clean energy is increasing […]
Hydropower is perhaps one of the oldest sources of clean power generation in India, but it has failed to grow at the desired pace over the past few years. Hydropower capacity additions have lagged behind […]
The Central Electricity Regulatory Commission (CERC) has consistently been monitoring the prices of electricity traded in the day-ahead market (DAM) and real-time market (RTM) at the power exchanges. In April 2022, the CERC observed that […]
Taking cognisance of the changing dynamics of power system operations and the emerging electricity market realities, the Central Electricity Regulatory Commission (CERC) proposes to revise the existing framework of the deviation settlement mechanism (DSM). To […]
Indian democracy rests on four institutions – legislature, executive, judiciary, and the media. Today, we have an independent legislature, a strong executive, an independent judiciary, and independent media. […]
Over the past decade and a half, I have published three books that represent three stages in India’s journey towards clean and green energy. The first one, Decentralised Energy Planning – Methodo-logy and Case Studies, published in 1991, is based on my experience of setting up and operationalising the Maharashtra Energy Development Agency in 1986. […]
In March 2019, the Central Electricity Regulatory Commission (CERC) notified the Cross-Border Trade of Electricity (CBTE) Regulations. It specifies the procedure for getting access to the network on the Indian side for cross-border trade along […]
In a major step towards reviving the stranded power projects operated by Adani Power Limited (APL), Tata Power and Essar Power in Gujarat, the Supreme Court has asked the Central Electricity Regulatory Commission (CERC) to […]
In a significant policy development this month that came as a big relief to thermal power plant (TPP) owners, the government has issued a notification stating that investments in the installation of emission control technologies […]
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