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Power prices to decline on easing demand

Power prices in the country are likely to fall going ahead with demand expected to ease in the coming months, said Rohit Bajaj, head of business development at Indian Energy Exchange (IEX). In an interview, he said the coal stock situation has also improved, which would support an anticipated spurt in demand for power during September-October..

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Interview with S.N. Goel: “Power exchanges will play a larger role in energy transition

S.N. Goel, chairman and managing director, Indian Energy Exchange Limited (IEX), spoke to Power Line about the current state of power trading and the power exchanges in the country, as well as the outlook for the power trading market in the near to medium term. He also discussed the key highlights for the IEX in the past one year or so, and the company’s future plans and priorities. Excerpts.

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IEX exploring opportunity to launch India's first Carbon Exchange: S N Goel, Chairman & MD

India's largest power exchange Indian Energy Exchange (IEX) is preparing to boos.

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Will introduce two new market segments within six months: Rohit Bajaj of IEX

IEX’s stake in Indian Gas Exchange (IGX) is 47 percent as of now. There is no plan to divest further at this point in time, said Bajaj.

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Driving Transformation in Energy Markets

How IEX Is Leveraging Cloud to Innovate and Meet Compliance Requirements.

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Plenty of scope to generate and sell carbon credits in India: IEX CMD

In a Q&A, Satyanarayan Goel, CMD of the exchange, dwells on the current and future power distribution scenario in India and his plans to set up an International Carbon Exchange.

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Introduction of High Price DAM segment – Will it fix the challenges besieging the power market ?

Nowhere in the world, has such a segment been conceptualized to address the issue of supernormal profit of the inframarginal generators in a uniform clearing price ...

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We’ve expanded our offerings to meet growing demands in India’s power sector: Vineet Harlalka, CFO, IEX 

Vineet Harlalka, CFO at Indian Energy Exchange (IEX) – India’s premier power trading platform – says that energy exchange platforms are playing an important role in promoting sustainability by providing a marketplace for green energy products and working with the government to meet the country’s sustainability targets.

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Building an Integrated South Asian Regional Power Market 

The United Nations Sustainable Development Goal (SDG) 7 encourages cross-border grid connections, on-grid renewable energy solutions and decentralised options. To ensure this, cross border trade and grid transmission capacities need to be further strengthened between India and the adjoining countries.

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Green Day-ahead Market to be the-next big step in development of India’s green market  

Until August 2020, exchange-based power markets could only procure re­newable energy through renew­able energy certificates (RECs). Entities on the demand side were procuring rene­wable energy through either long-term contracts or short-term RECs to fulfil their renewable purchase obligations (RPOs), mandated as per the Indian Elec­tricity Act, 2003. This changed in August 2020, when the Central Electricity Regula­tory Com­mi­s­sion approved trading in re­ne­wable en­ergy with term-ahead contra­c­ts on the po­w­er exchanges, paving the way for the es­tablishment of a first-of-its-kind “green market” in India.

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IEX attempts to transform power trading industry through automation

Time sensitivity is of utmost importance to the Real-Time Electricity Market (RTM) in the power trading industry since every task of the power trading has a clear completion time with a minute granularity. Any delay or failure caused therefore can have a far-reaching consequences. And that calls for cutting down on manual processes and turning power trading systems highly automated, something

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Local Energy Markets Through P2p Trading to Reshape & Redefine India’s Power Markets

India has commenced an ambitious shift towards building a sustainable energy economy and aspires to have 450 GW of renewable energy by the year 2030, which will lead to a paradigm change in India’s energy mix. Renewable energy is set to emerge as a key energy source, redefining energy matrix at all levels — globally, regionally, and nationally.

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Power markets on the cusp of transformation

India’s power sector has come a long way in the past few decades. Huge strides have been made to provide access to electricity, bringing power to more than 700 million people since 2000. The commencement of power markets with enablement of the Electricity Act 2003 and later the introduction of the power exchanges in 2008 was a significant development which brought in competitive price discovery, flexibility, efficiency, and transparency in the power sector value chain.

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The electricity derivatives will usher in a paradigm change 

New Delhi: India consumes about 1,300 billion units on an annual basis. The captive power consumption is of course not included herein, and this only represents the formal grid connected capacity. The short-term power market is about 11-12% of India’s power sector accounting to 140 billion units of the total. The Exchanges led electricity markets which commenced in the year 2008, has now been playing a central role in the power procurement strategy of 60+ distribution utilities and about 5000+ 1MW and above industrial and commercial consumers, referred to as the open access consumers.

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Deepening Green Market towards achieving national green aspirations

Carry out Nationwide Wind Resource Assessment,Estimation of Wind Potential in the country through Wind Atlas preparation,Design and implement the comprehensive Resource Assessment Programme,Analysis of wind data to identify Wind Farmable locations,Verification and vetting of wind data generated by private entrepreneurs,Consultancy services for Feasibility Studies, Technical Due Diligence, Micro-siting and preparing DPR for Wind Farming and Repowering assessment

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Electricity derivatives are set to transform India's power sector

New Delhi: India consumes about 1,300 billion units on an annual basis. The captive power consumption is of course not included herein, and this only represents the formal grid connected capacity. The short-term power market is about 11-12% of India’s power sector accounting to 140 billion units of the total. The Exchanges led electricity markets which commenced in the year 2008, has now been playing a central role in the power procurement strategy of 60+ distribution utilities and about 5000+ 1MW and above industrial and commercial consumers, referred to as the open access consumers.

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Gross Bidding

India has moved from a power-deficit scenario to a surplus scenario, achieving an installed capacity of 382 GW against the peak demand of 187 GW during 2020-21. In this scenario, it is important that generators are despatched based on merit order, that is, from lower cost to higher cost, for the efficient utilisation of resources. However, this has been difficult to achieve in the current scenario, where distribution utilities (discoms) are mostly procuring their power through long-term contracts on a self-scheduling basis.

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Cyclone Tauktae reaffirms market’s robust credibility and stakeholder’s confidence

New Delhi: Sales volume of real-time power market (RTM), which allows consumers to buy power just one hour before delivery, jumped over three-fold to 1,726 million units in June compared to the year-ago month at Indian Energy Exchange (IEX).

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