CERC Grants HPX Additional Time To Appoint MD, Independent Director Updated On Thu, Dec 7th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest judgment, asked the Hindustan Power Exchange Limited (HPX) to appoint a Managing Director and an Independent Director by the end of March 31, 2024. The order was passed to ensure CERC’s Power Market Regulations (PMR) 2021 compliance. The order came to the fore when the power exchange company […] Read more
Lead Engineer – High Voltage Connectors Updated On Tue, Oct 17th, 2023 by Saurenergy Job Responsibilities:- Understand market and customer requirements specifically in High Voltage Connection Systems in the EV / Industrial segment. Benchmark, compare various architectures, and develop value-added high Voltage connectors Vs competition. Determine innovative ways to meet customer requirements, including Packaging, Performance, Manufacturing feasibility, and Reliability. Define technical proposals/concepts based on new RFI’s & RFQ from […] 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
CEA Amends Norms To Offer RTM For Cross-Border Power Trading Updated On Tue, Aug 1st, 2023 by Saurenergy The Central Electricity Authority (CEA), in its recent order, has amended the procedures for approval and facilitation of the import and export of electricity with neighbouring countries. The order said that the move was taken to accommodate the participation of the Real-Time Market (RTM) segment in addition to the existing Day-Ahead Market (DAM) for electricity […] Read more
CERC Allows HPX To Introduce HP-DAM, HP-TAM & HP Contingency Updated On Tue, Jul 25th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest order, allowed a petition by the Hindustan Power Exchange (HPX) to introduce High Price (HP) Day-Ahead Market (DAM), HP-TAM (Term-Ahead Market) and HP Contingency. HPX is one of India’s three operational power exchanges besides IEX and PXIL. Earlier, the CERC had approved the pleas of IEX and […] Read more
HPX crosses 5 Billion Units Of Trade In 11 Months Post Launch Updated On Thu, Jun 15th, 2023 by Saurenergy India’s third power exchange, Hindustan Power Exchange Ltd. (HPX), has successfully crossed the milestone of 5 Billion Units of power traded within 11 months of its launch. HPX was able to cross this landmark with a rapid increase in trade volume across Contingency and Long Duration Contracts (LDC) segments. The strong growth in members/client base […] Read more
RE Projects With No PPAs, Made For Power Exchanges- CFD could Make It Possible Updated On Fri, Jun 9th, 2023 by Saurenergy In an announcement that could potentially change the landscape of renewable energy projects, the way they are procured and the flexibility, freedom enjoyed by developers and generators in the industry, new renewable energy projects can now be sold on power exchanges exclusively. Traders and project developers will interact directly for contracting supplies from these projects. […] Read more
CEA Notifies National Electricity Plan, Lays Down The Pathway To 2032 Updated On Wed, May 31st, 2023 by Saurenergy The Central Electricity Authority (CEA), after much deliberations over the draft National Electricity Plan (NEP), today notified the latest National Electricity Plan (Volume I-Generation). The NEP represents a detailed plan for 2022-27 and a perspective plan for 2027-32. The report gave a sneak peek at the future of India’s electricity sector. The government document has […] 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
