Ministry of Power Notifications for Change in Law, Curtailment of ‘Must Run’ Plants Welcome Updated On Wed, Oct 27th, 2021 by Saurenergy In two separate notifications, the Ministry of Power has issued notifications for both compensation in case of a change in law event, and for curtailment of power from Must Run power plants. The rules will have significant impact for renewable energy producers, thanks to the must run status they enjoy, besides the many disputes linked […] Read more
Power Trading Gets a Fillip With SC Judgement On CERC, SEBI Jurisdiction On Electricity Contracts Updated On Thu, Oct 7th, 2021 by Saurenergy A key power sector reform which was held up due to the jurisdiction issues between SEBI and CERC has finally been resolved. On 06.10.2021, the long pending matter between SEBI and CERC regarding regulatory jurisdiction of Electricity Derivatives has finally got resolved with the Hon’ble Supreme Court favorably disposing of the matter in terms of […] Read more
IEX Trades 7093 MU in June’21 with 48% YoY Growth Updated On Mon, Jul 5th, 2021 by Saurenergy The Indian Energy Exchange (IEX) traded 7093 MU of electricity volume in June’21 recording 48% YoY growth. According to the power demand data published by the National Load Dispatch Center, the national peak demand saw a 16% YoY increase, with the highest ever peak demand at 191.51 GW, while energy consumption at 115 BU grew […] Read more
ISTS Waiver Extended By 2 Years For Solar, Wind Energy Updated On Tue, Jun 22nd, 2021 by Saurenergy “The Ministry of Power has issued an order today for the extension of the waiver of Inter-State Transmission system (ISTS) charges on the transmission of electricity generated from solar and wind sources for projects to be commissioned up to 30th June 2025,”. With this statement, the Ministry of Power (MoP) has confirmed a widely expected waiver […] Read more
With 25% Renewable Target for 2025, Solar In China Has a Smooth Run Ahead Updated On Tue, Apr 20th, 2021 by Saurenergy China’s national energy regulator NEA has released a consultation paper where it aims to raise the share of wind & Solar power in total power consumption to 11% in 2021 and 16.5% in 2025. Their combined share in 2020 was 9.7%. as we have reported earlier, combined with the long term target to 40 percent […] Read more
PXIL Launches Green Term Ahead Market (GTAM) Updated On Fri, Mar 26th, 2021 by Saurenergy Power exchange India Limited (PXIL), the energy trading market promoted by NSE & NCDEX has launched the Green-Term Ahead Market (GTAM) on its transaction platform on 24th March 2021. The development took place after receiving approval from the Central Electricity Regulatory Commission (CERC) on March 19, 2021. To familiarize the market participants about the product and […] Read more
Power Trading in Power Exchanges Exempted From new TDS and TCS Updated On Mon, Oct 5th, 2020 by Saurenergy 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 […] Read more
CERC Grants Approval for Third Power Exchange in India Updated On Thu, Aug 6th, 2020 by Saurenergy 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 […] Read more
RTM Trading to Enable Efficient Price Discovery, Support Grid Balancing, Says ICRA Updated On Thu, Jun 11th, 2020 by Saurenergy The recent launch of the real-time market (RTM) for power trading likely to lead to efficient price discovery in the power trading market, said a leading credit rating agency, ICRA. On the other hand, it will also enable power distribution utilities (Discoms) and the open-access consumers to bid for electricity within 1 hour of the […] Read more
