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CERC Approves Introduction of Ancillary Services Segment on Power Exchanges

The Central Electricity Regulatory Commission (CERC) has approved the introduction of the Tertiary Reserve Ancillary Services (TRAS) market segment on all three power...

May 5, 2023

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Rakesh Ranjan

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Grid

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Market & Policy
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TUSCO Invites Bids from Consultants for Floating Solar Projects

TUSCO, a joint venture (JV) between THDC India and Uttar Pradesh New and Renewable Development Agency (UPNEDA), has invited bids to appoint a consultant to prepare...

January 10, 2023

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Gourav Mishra

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Other

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Renewable Energy
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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...

October 14, 2022

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Rakesh Ranjan

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Grid

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Market & Policy
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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...

April 8, 2022

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Arjun Joshi

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Grid

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Market & Policy
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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...

February 14, 2022

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Rakesh Ranjan

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Grid

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Market & Policy
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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,...

January 7, 2022

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Harsh Shukla

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Mercom Research Focus

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Other
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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...

October 20, 2021

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Rakesh Ranjan

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Markets & Policy

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Solar
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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...

November 18, 2020

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Nithin Thomas Prasad

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Solar

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Tenders & Auctions
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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...

July 4, 2019

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Saumy Prateek

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Grid

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Market & Policy
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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...

June 13, 2019

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Saumy Prateek

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Demand Response

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Grid
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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...

May 3, 2019

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Saumy Prateek

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Demand Response

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Grid
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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 GW...

April 9, 2019

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Saumy Prateek

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Grid

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Utilities
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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 162 GW in...

March 14, 2019

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Saumy Prateek

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Demand Response

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Grid
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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...

February 6, 2019

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Saumy Prateek

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Markets & Policy

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Solar
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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...

January 11, 2019

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Saumy Prateek

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Demand Response

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Grid

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