pxil

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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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Vedanta to Source 691 MW of Renewables Through Open Access

The Vedanta Group said it will source 600 MW of solar and 91 MW of hybrid renewable power through open access under the captive mode for its various operations across...

January 30, 2023

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Gautamee Hazarika

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C&I

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Open Access

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Renewable Energy
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CERC Allows Hydropower Contracts in Green Term-Ahead Market on HPX

The Central Electricity Regulatory Commission (CERC) has approved Hindustan Power Exchange’s (HPX) plea for the introduction of hydropower contracts in the Green...

January 3, 2023

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Rakesh Ranjan

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Other

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Renewable Energy
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PXIL to Start Trading Daily, Weekly and Monthly Contracts in Renewable Power

Power Exchange India Ltd (PXIL) has introduced the ‘daily, weekly and monthly contracts’ in its proprietary contract system ‘PRATYAY’ for conventional power transactions....

September 27, 2022

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Vijayalakshmi Sridhar

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Other

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Renewable Energy
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Power Exchanges Allowed Time to Implement Clearing and Settlement Mechanism

The Central Electricity Regulatory Commission (CERC) has granted time for one more year from August 15, 2022, for power exchanges to align their clearing and settlement...

August 16, 2022

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Rakesh Ranjan

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Grid

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Market & Policy
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Ministry Mulls Introducing High Price Day-Ahead Market in Power Exchanges

The Ministry of Power (MoP) has proposed the introduction of a high price market segment for the day ahead market (HPDAM). The stakeholders have time until August 21,...

August 4, 2022

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Rakesh Ranjan

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Grid

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Market & Policy
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CERC Approves Methodology for Price Discovery on Hindustan Power Exchange

The Central Electricity Regulatory Commission (CERC) recently directed the Hindustan Power Exchange to use the ‘Uniform Price Step Auction’ as a matching methodology for...

June 29, 2022

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Rakesh Ranjan

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Grid

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Market & Policy
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CERC Approves Introduction of Month-Ahead Contracts on Power Exchange India

The Central Electricity Regulatory Commission (CERC) recently approved Power Exchange India’s (PXIL) proposal to introduce delivery-based monthly contracts, which can be...

June 16, 2022

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Rakesh Ranjan

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Grid

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Market & Policy
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BHEL Invites Bids for Trading Renewable Energy Certificates at Power Exchanges

Bharat Heavy Electricals Limited (BHEL) has invited bids from traders to procure renewable energy certificates (RECs) from the National Load Despatch Center (NLDC) and...

June 2, 2022

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Rakesh Ranjan

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Solar

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Tenders & Auctions
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Daily News Wrap-Up: SBI Partners with Tata Power to Finance Solar Projects

Here are some noteworthy cleantech announcements of the day from around the world: State Bank of India (SBI) launched a dedicated centralized processing cell –...

February 2, 2022

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Arjun Joshi

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Other

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Renewable Energy
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Commission Sets ₹2.49/kWh as Average Power Purchase Costs for Himachal DISCOMs

The Himachal Pradesh Electricity Regulatory Commission (HPERC), in its recent order, has set ₹2.49 (~$0.033) as the average power purchase cost (APPC) for the financial...

January 27, 2022

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Harsh Shukla

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Other

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Renewable Energy
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Vedanta Aluminium Procured 2 Billion Units of Renewable Energy in 2021

Indian aluminum producer Vedanta Aluminium Business announced that it has become India’s largest industrial consumer of renewable energy. The company led renewable...

January 14, 2022

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Harsh Shukla

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Other

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Renewable Energy
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Daily News Wrap-Up: Grasim Industries Acquires 26% Stake in Aditya Solar Power

Here are some noteworthy cleantech announcements of the day from around the world: Grasim Industries Limited, the textile arm of the Aditya Birla Group, has acquired...

October 26, 2021

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Arjun Joshi

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Other

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Renewable Energy
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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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CERC Approves Registration of India’s Third Power Exchange

The Central Electricity Regulatory Commission (CERC) has granted Pranurja Solution Limited (PSL) registration right to establish and operate a power exchange. It would...

May 18, 2021

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Rahul Nair

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Grid

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Market & Policy

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