Power Exchange

CERC Deviation Settlement Mechanism To Hurt Renewable Players, Says NSEFI

In a letter to Indu Shekhar Chaturvedi, Secretary, the Ministry of New and Renewable Energy, the National Solar Energy Federation of India (NSEFI), a key developer body of renewable players has flagged major industry concerns on the Deviation Settlement Mechanism for renewable energy as notified by the Central Electricity Regulatory Commission (CERC). The new rules […]

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CERC Accords Approval to New Power Exchange Proposal

The Central Electricity Regulatory Commission (CERC) has approved Pranurja Solutions Limited’s request to be permitted to change its name and to set up and operate a power exchange, subject to the fulfilment of certain conditions laid by the commission. In 2018, Pranurja petitioned CERC, seeking the grant of registration to establish and operate a power […]

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PXIL launches Its Own I-DAS For Combining RE and Conventional Power Trading

India’s 1st institutionally promoted power exchange, Power Exchange India Ltd (PXIL) has launched the Integrated Day Ahead Spot market (called I-DAS), a collective transaction that integrates transactions for Renewable Energy (RE) along with Conventional energy. I-DAS offers market participants the convenience of submitting orders for transacting in RE as well as Conventional power in the same […]

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Power Trading in Power Exchanges Exempted From new TDS and TCS

The Central Board of Direct Taxes of India (CBDT) has exempted power trading transactions through online exchanges like Power Exchange India Ltd (PXIL) from the newly imposed section 194 (O) – TDS on E-Commerce Transactions & section 206C (1H) – TCS on Sale of Goods on an E-Commerce platform, of Income-tax Act, 1961. The Finance […]

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PXIL Highlights Power Market Regulatory Reforms and Insights

PXIL recently conducted its 2nd market consultation meeting to discuss key market regulatory reforms concerning the power industry. Ahead of the public hearing of the Central Electricity Regulatory Commission (Power Market) Regulations 2020, the Power Exchange India Limited (PXIL), conducted its 2nd Market Advisory Committee and Stakeholder consultation meeting to discuss key market regulatory reforms […]

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CERC Grants Approval for Third Power Exchange in India

CERC has approved Pranurja Solutions, promoted by BSE, PTC Ltd and ICICI Bank, to establish what will become the third power exchange in India The Central Electricity Regulatory Commission (CERC) has approved the petition filed by Pranurja Solutions Ltd, a company promoted by BSE, PTC Ltd and ICICI Bank, to establish what will become the […]

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PXIL Kicks Off Real Time Market Trade for Power Transaction in India

NSE and NCDEX promoted Power Exchange India Ltd (PXIL) has kick-started its first Real Time Market (RTM) trade in India for delivery of electricity effective from today i.e. June 01, 2020. The first trade was conducted by clients of Kreate Energy Pvt Ltd and PTC India Ltd on the PXIL’s platform, and the initial auction […]

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‘PRATYAY’ a New Trading Platform from Power Exchange India

With an aim to ease participation and provide customer delight for trading on the exchange, Power Exchange India Ltd (PXIL) on Monday has unveiled its new technology-based trading platform called ‘PRATYAY’. As per PXIL, this new service provides single platform for all segments and offers hassle-free migration from thick client-based solution to a complete web-based […]

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