CERC Grants PXIL Extra Time To Comply With Power Exchange Norms Updated On Wed, Nov 22nd, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest judgment granted the Power Exchange India Limited (PXIL) additional time to comply with the Power Market Regulations of 2021. The development came to the fore when PXIl, one of the three power exchanges in India, moved the Commission seeking an extension of timing to comply with the regulations. […] Read more
RE Generators Selling Power At Power Exchanges Can Issue REC: CERC Updated On Wed, Oct 11th, 2023 by Saurenergy In its latest order, the Central Electricity Regulatory Commission (CERC) clarified that renewable energy generators are entitled to Renewable Energy Certificates (REC) if they sell their power under the conventional market contracts of power exchanges. The order came to the fore after Indian Energy Exchange Limited (IEX) moved the Commission seeking approval for the changes made […] Read more
Satyajit Ganguly Joins PXIL as CEO & MD Updated On Wed, Jun 28th, 2023 by Saurenergy Satyajit Ganguly has joined Power Exchange India Ltd (PXIL) as its Managing Director and Chief Executive Officer (CEO). Satyajit’s professional experience spanning 35 years entails working with NTPC, Central Electricity Authority in Western Regional Electricity Board (WREB), Power Grid, Lanco Power Ltd, Vedanta Group, OTPC. Before he joined PXIL, Satyajit was Managing Director with North […] Read more
CERC Approves PXIL’s Plan To Introduce High Price Day-Ahead Market (HP-DAM) Updated On Tue, Apr 11th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its order on a petition filed by the Power Exchange India Limited (PXIL) on Tuesday, approved its demand for the introduction of the High Price Day Ahead Market (HP-DAM). PXIL had earlier sought approval from the CERC to introduce the HP-DAM on PXIL’s PRATYAY Platform. CERC first heard […] Read more
HPX Achieves 1 Billion Units Trading Milestone Updated On Tue, Dec 27th, 2022 by Saurenergy Hindustan Power Exchange Ltd. (HPX), India’s newest power exchange promoted by PTC India Ltd, Bombay Stock Exchange, and ICICI Bank, has reached the milestone of 1 Billion units of power traded within six months of its launch. The milestone has come on the back of over 360 market participants. HPX has also raced to register […] Read more
Hindustan Power Exchange Gets CERC Nod For India’s Third Power Trading Exchange Updated On Wed, Jun 29th, 2022 by Saurenergy The start of operations at India’s third power exchange, Hindustan Power Exchange (HPX) looks imminent, with final approval from the regulator, the Central Electricity Regulatory Commission (CERC) on June 27. CERC’s approval was under Regulation 28 of Central Electricity Regulatory Commission (Power Market) Regulations 2021 for approval of the technology to be used by the […] Read more
CERC Issues New Rules For Allocation Of Transmission Corridors For Power Trading Updated On Wed, May 11th, 2022 by Saurenergy Central Electricity Regulatory Commission (CERC) ordered on May 9 that the allocation of transmission corridor among the Power Exchanges shall be governed by a new set of principles from June 1. A bench of four judges under the chairmanship of IS Jha ruled that the old order of 04.04.2016 extending priority allocation of 10% in […] Read more
CERC allows PXIL to introduce hydropower contracts in GTAM Updated On Tue, Apr 5th, 2022 by Saurenergy In a recent order, the Central Electricity Regulatory Commission (CERC) has approved Power Exchange India Ltd.’s (PXIL) proposal to introduce Hydropower Contracts in existing Green Term Ahead Market (GTAM) on its platform for exclusive trading of hydro energy. CERC dealt with different aspects of the proposed contract keeping in view the submissions made by PXIL […] Read more
PXIL launches Its Own I-DAS For Combining RE and Conventional Power Trading Updated On Tue, Dec 21st, 2021 by Saurenergy 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 […] Read more
