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Transcript of IEX Bulletin July13
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7/27/2019 IEX Bulletin July13
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www.iexindia.com
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Five years ago,
on 27th June 2008,
the Indian Energy
Exchange (IEX)
commenced its
operations as the
first power exchange
in India with the
objective to provide
an electronic
platform for trading
in electricity. The IEX
was set up under
the aegis of Financial Technologies (India) Ltd (FTIL),
a successful technology solutions provider, and PTCFinancial Services, a wholly owned subsidiary of PTC
India Ltd.
Exchanges across the globe are set up with the prime
motive of competitive price discovery. However, in India,
it was established to serve as an optional, electronic,
nationwide competitive platform for trade in electricity.
Little was known of the potential of such an exchange and
the contribution it could make to the Indian power sector.
I am delighted to share with you that, in this short span of
five years, IEX has crossed many milestones. We are the
first power exchange to have been set up in the country.On our first day of operations, we had only a handful
of participants and the trading was a mere 0.058 MUs
of electricity. Today, IEX, on an average, trades around
80 MUs of electricity daily in its Day-Ahead Market with
average daily participation of over 1300 buyers and
sellers.
Our journey has indeed been eventful and our core
competencies have positioned us as Indias largest
marketplace for electricity trading with over 90% market
share across our product portfolio in volumes growing at
a CAGR of 54%.
With over 2600 market participants (of which over 1900are industrial consumers) comprising 27 States, 5 UTs,
500 Generators and a share of 30% in the short term
market in the country, we have been serving as a valuable
link in bridging the larger power demand-supply gap in
the country.
Product Portfolio:
Back in 2008, we started our operations by introducing
Day Ahead Market (DAM) allowing consumers to procure
power for the following day. Today, we also offer four
products in the Term Ahead Market (TAM) segment,
helping the participants manage their power needs upto eleven days in advance. The exchange also aids in
accelerating renewable energy deployment by providing
a platform for trading in RECs (Renewable Energy
Certificates). In these five years of operations, over 65
Message from IEX Chairman
BUs of power have been traded through IEX across these
product categories.
Sparking industrial revolution:
Since inception, IEX has made significant strides in
facilitating access to power to consumers in the most
transparent, competitive and reliable way for the ultimate
benefit of all the stakeholders. We operationalised open
access for the 1 MW and above retail consumers. Today,
over 1900 open access industrial consumers are utilising
the exchange platform as an alternate to meet their power
requirements in the most cost effective and reliable way.
One of the leading business dailies of the country, The
Economic Times, has gone to the extent of describing us
as having sparked the industrial revolution.
Impact on the power value chain:
Apart from greatly aiding industrial growth, the impact
of our platform has also been felt across other parts
of the power value chain. We have enabled optimum
utilisation of the energy resources in the country by
connecting the surplus regions to the deficit ones. The
electricity prices discovered in the Exchange serve as
national benchmark or reference point and are, therefore,
of a great significance. The price signals that emanated
from the exchange in the initial years of its establishment
greatly encouraged private players to invest in creatinggeneration capacity thereby promoting competition in the
sector. And, last but not the least, the market congestion,
which has been a constant impediment in exchange
operations, has signaled the need for reinforcement and
augmentation of transmission network in the country.
Looking forward:
In the near future, we look forward to providing the
exchange platform to trade in energy savings certificates
under the Perform, Achieve and Trade (PAT) scheme of
the Bureau of Energy Efficiency. With CERC planning to
further tighten the grid frequency band and to increase
Unscheduled-interchange (UI) rates, we expect asubstantial increase in the quantum of electricity being
traded through the exchange in line with the trend in
developed economies where exchange-traded power
constitutes 100% or near 100% of electricity generated,
transmitted and distributed and where the open access
principle is an article of faith. In times to come, we indeed
aspire to constitute at least 15% of the total generation
in the country. I take this opportunity to thank all our
stakeholders for their unrelenting support and, going
forward, our endeavor will be to accelerate the momentum
and further build the competitive landscape across the
entire Indian Power Sector.
Venkat CharyChairman, IEX
www.iexindia.com
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Our group has been at the forefront of providing the best
and most efficient technology for organized markets foralmost all asset classes. The common thread running
through all our ventures is to provide accessible platforms
enabling robust price discovery and promoting the spirit
of growth and inclusion.
IEX was conceived with the similar mission to provide
a structured, transparent marketplace in power and to
usher in modernisation of the Indian power markets. In
its five years of existence, the trading platform provided
by IEX has indeed enabled and empowered the sector
by demonstrably reducing inefficiencies in the system.
Today, IEX meets its objectives by providing a nationwide
platform surpassing the locational barriers and harnessing
the available power resources in the best possible way.
Energy is at the heart of industrial growth of any country
and our challenge has been the lack of reliable supply of
electricity for the Indian Industry. IEX has facilitated these
industrial consumers to manage their power needs in the
most cost effective and reliable manner and IEX enables
industry to contribute significantly towards countrys GDP.
The credibility and acceptance of IEX can be seen from
IEXs consistent high market share of above 90% across
its product portfolio and participation from across the
cross section including industries, generators, traders
and distribution companies. The exchange which was
Message from Chairman and Group CEO
started five years back amidst a lot of apprehensions has
today proved its mettle and is successfully operating ina supply deficit scenario with tremendous growth on all
parameters.
While all these milestones achieved makes me extremely
happy, I believe this is not the means to an end. The
markets are designed to cater to the evolving local
needs and change has to be the only constant for the
progress of any market and I trust the platform provided
by IEX will continue to pioneer the launch of innovative
long term products for further development of Indias
power markets and also work with the government and
regulators to achieve the ultimate goal of Power to All.
I congratulate the team behind this success and commend
the trust portrayed by all the stakeholders in making IEX
the leading power exchange of India. We understand the
role of technology and our attempt will always be to bring
the best practices from around the world to the Indian
markets. I hope IEX will continue providing complete
gamut of markets like Ancillary Services, Capacity and
very vibrant intra-day and forward markets and facilitate
trading of at least 10-15 percent of total generation in
times to come.
Jignesh Shah
Chairman & Group CEO
www.iexindia.com
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Bulletin
JULY 2013, ISSUE 66
REGULATORY NEWS 4
RERC issues tariff order for FY 13-14
UPERC issues Suo-moto tariff order for
FY 2013-14
TNERC issues tariff order for generation and
distribution of TANGEDCO and TANTRANSCO
for the FY 2013-14
MERC issues MYT order for TPC for FY 2012-13
to FY 2015-16
DHBVN files petition in HERC on determination
of CSS, additional surcharge and recovery of
FSA for open access consumers
CERC issues draft Deviation Settlement
Mechanism and related matters Regulations,
2013
INDUSTRY NEWS 7
Power Market Update: June13
FRP takes off with TN issuing bonds, leaving
number of eligible states to six
FOCUS OF THE MONTH 8
Renewable Regulatory Fund
RENEWABLE NEWS 9
REC Market Update- June13
Green Corridor to be set up soon
INTERNATIONAL NEWS 9
IEX TRADE INFO JUNE 13 10
RERC issues tariff order for FY 13-14
The highlights of the order issued by RERC on 6 th June,
2013, are as follows:
HT Industrial Tariff:
- No change in the existing tariff structure, existing
rates shall apply which are as follows:
Distribution Losses: ranged between 17% - 20%
Transmission tariff for collective power exchange
transactions: 36.80 Paisa /kWh
Transmission losses: 4.20%
Source: RERC Website
Category
Tariff
Energy
Charges
Fixed
Charges
Medium Industries (HT-3)
`5.25/ unit`125/ KVA/
monthBulk Supply for mixed load
(HT-4)
Large Industries (HT-5) `5.50/ unit`140/ KVA/
month
REGULATORY NEWS
UPERC issues Suo-moto tariff order for FY
2013-14 2013-14
Uttar Pradesh Electricity Regulatory Commission issued
suo-moto tariff orders for MVVNL, PVVNL, PuVVNL,
KESCO, DVVNL, and tariff order for NPCL for the FY 14.
The highlights of the same are as follows:
Tariff: No change in the HT tariff structure, however
LT category tariffs have been increased substantially
TOD rates to vary from (-) 7.50% to (+) 15%
Regulatory surcharge of 8% to be applicable on
NPCL consumers and 3.5% on others
HV-2 Category 11 kV
11 kV and
up to 66
kV
above 66
kV and up
to 132 kV
above 132
kV
Demand
Charges
`250/
kVA /
month
`240/
kVA /
month
`220/
kVA /
month
`220/
kVA /
month
Energy
Charges
`5.90 /
kVAh
`5.60 /
kVAh
`5.40 /
kVAh
`5.20 /
kVAh
In this Issue
http://rerc.rajasthan.gov.in/http://rerc.rajasthan.gov.in/ -
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MERC issues MYT order for TPC for FY
2012-13 to FY 2015-16
On 28th June, 2013, MERC issued Multi-year tariff order
for Tata Power Company Ltd (TPC) for the period of FY
2012-13 to FY 2015-16, for its distribution business. The
highlights of the order are as follows:
HT Industrial Tariff
Open Access Charges
RPO obligation
Source: MERC Website
Renewable Purchase Obligation (RPO):
- 9% RPO fixed for all sources of RE put togetherand 0.05% for Solar specifically
- Quantum to be purchased through RPO
6076.37 MU in FY 14 from RE
33.76 MU in FY 14 from Solar
Source: TNERC Website
Consumption
Slab (kWh)
Fixed/ Demand
Charge
Wheeling
Charge
(`/ kWh)
Energy Charge
(`/ kWh)
All Units `200 /kVA/
month
0.89 6.20
Charges FY 2013-14
Wheeling Loss 1.12%
Transmission Loss 4.17%
System Loss 4.70%
CSS `1.70/kWh
Wheeling Charges (HT-Industrial) `1.02/kWh
Open Access charges:
- CSS: Nil
- Wheeling Charges: to range between`0.620/
kWh `1.450 kWh
- Wheeling Losses
- Distribution Losses
Particulars NPCL
MVVNL, PVVNL,
PuVVNL, DVVNL,
KESCO
Connected at 11 kV 2.75% 8%
Connected above 11 kV 2.13% 7%
DISCOMS Approved 2013-14
MVVNL, PVVNL, PuVVNL, DVVNL 22.81%
NPCL 8.00%
KESCO 23.00%
Source: UPERC Website
TNERC issues tariff order for generation
and distribution of TANGEDCO and
TANTRANSCO for the FY 2013-14
On 20th June,2013, TNERC issued an order determining
tariff for generation, distribution and transmission for the
FY 14. The key highlights of the order are as follows:
HT Industrial Tariff: No hike from the last order,
energy charge of`5.50 /kWh and demand charge of`300/kVA per month to be applicable for the fiscal
Open Access Charges:
Transmission loss: 2.70%
Distribution loss: 13.70%
Wheeling Charges 17.35 p/kWh
Cross Subsidy surcharge*Range between`1.41 /kWh
` 4.81/kWh
Transmission charges inter/
intra state STOA` 82.21 /MW/hr
*Not applicable till the time R&C measures are effective
FY 2013-14
Solar 0.50%
Non Solar 8.50%
http://www.mercindia.org.in/Orders_2013.htmhttp://tnerc.tn.nic.in/http://www.uperc.org/Tariff_Order_Users.aspxhttp://www.uperc.org/Tariff_Order_Users.aspxhttp://tnerc.tn.nic.in/http://www.mercindia.org.in/Orders_2013.htm -
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- In case of frequency above 49.95 Hz
Additional charge will be the specified
percentage (20%, 40% or 100%) of
deviation charge corresponding to
frequency below 49.95 Hz on crossing
the volume limit as specified below:
- Frequency below 49.95 Hz
Additional charge equivalent to 100% of the
Charge for Deviation to the grid frequency of
below 49.95 Hz
Source: CERC Website
Limits on deviation volumeAdditional Charge
(as a percentage)
> 12% - 15% of schedule/
>150 MW - 200 MW in a time block/
> 3% - 4% of the schedule over a day
20%
> 15 % - 20% of schedule/
> 200 MW - 250 MW in a time block/
> 4% - 5% of schedule over a day
40%
> 20 % of schedule/
> 250 MW in a time block/
> 5% of schedule over a day
100%
DHBVN files petition in HERC on
determination of CSS, additional surchargeand recovery of FSA for open access
consumers
As per the petition, the petitioner DHBVN has requested
the Commission:
To allow the recovery of cross subsidy surcharge of`
1.94/unit,`1.69/unit,`1.94/unit and`1.65/unit from
the categories HT Industry, NDS, Bulk Supply and
Railways respectively
To allow the recovery of additional surcharge of`1.00/
unit from all Open Access consumers
To pass the recovery of Fuel Surcharge Adjustments
(FSAs) and Regulatory Asset Surcharge (RAS) to
Open Access Consumers as well as to allow recovery
against the same of`2.68/unit,`2.73/unit,`2.58/
unit and`2.68/unit from the categories HT Industry,
NDS, Bulk Supply and Railways respectively
Source: HERC Website
CERC issues draft Deviation Settlement
Mechanism and related matters
Regulations, 2013
On 20th June, 2013, CERC issued notification on draft
CERC (Deviation and Settlement mechanism and related
matters) regulations, 2013. As per the draft, the frequency
band for grid operations will further be narrowed to
49.95 Hz 50.05 Hz. Charges for over/under drawal and
over/under injection will be worked out on the average
frequency of time block at the rates as below:
Each 0.01 Hz step equivalent to 35.60 Paise/kWh in
the 50.05-50.00 Hz frequency range, 155.40 Paise/
kWh in the below 50 Hz to 49.95 Hz frequency range
The charges for the deviation for the under drawls by
the buyer and the over-injection by the seller shall not
exceed the Cap Rate of 333.40 Paise/kWh
Beyond the limit set on deviation volume, the
following additional charges are proposed, to
be levied over and above the deviation charge:
http://www.cercind.gov.in/2013/draft_reg/Notification20.pdfhttp://herc.nic.in/petitions/2013/P2013014.pdfhttp://herc.nic.in/petitions/2013/P2013014.pdfhttp://www.cercind.gov.in/2013/draft_reg/Notification20.pdf -
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INDUSTRY NEWS
The day-ahead power market at IEX in the month of June
2013 continued to remain attractive in terms of price for
the buyers. On an overall basis, in terms of volume of
power traded, the market saw northern and southern
regions as the net buyers of power while the eastern,
western and the north-eastern region were the net sellers
of power. The Load Generation Balance Report (LGBR)
for the FY 2013-14 released by CEA a few weeks back,
anticipated the gap between availability of energy and
requirement in the month of June 13 to be to the tune of7009 MUs at all India level, with only western and eastern
region meeting their energy demands. The larger trend
in the Day-ahead Market at the exchange was however
on the contrary, where the sell bids far exceeded the buy
bids. Total purchase bids received in the DAM for the
month of June13 was close to 2578.3 MUs and the total
sale bids were over 4191.5 MUs, indicating a surplus in
the market. Area wise total cleared sell and buy volume in
the DAM is represented in the table below with respective
anticipated energy gap as per CEAs LGBR.
The average daily cleared volume for the month was 70.4
MUs. Whereas, the total cleared volume for the month was
2114 MUs, lower than 2499 MUs traded in the previous
month. Around 304 MUs were lost owing to congestion in
the transmission network.
As a result of excessive supply and suppressed demand,
the prices in June 13 continued to show a downward
trend. The average area price in N3 (Punjab) remained
same as compared to last month, due to non-availability
of transmission corridor as the state had tied up short term
Region
Anticipated
Energy
Deficit/
Surplus*
(MUs)
Deficit/Surplus
(%)*
Total Buy
in DAM
(MUs)
Total Sellin DAM
(MUs)
Net
Northern -3316 -10.50% 858.57 852.04 Net Buy
Southern -4450 -17.80% 596.28 353.58 Net Buy
Eastern 709 7% 8.84 197.98 Net Sell
Western 97 0.40% 619.36 637.08 Net Sell
North Eastern -49 -4.80% 31.52 73.88 Net Sell
Total -7009 -7.8% 2114.57 2114.57
*As per CEA LGBR 2013-14
power arrangements to meet its anticipated rise in demand
practically leaving no grid availability for other transactions.
Despite arranging for additional power, the state continues
to face demand outstripping supply. The area prices in
other regions were also lower vis--vis last month. The
average prices in the southern region showed maximum
downfall of 33% in a months time, reaching`4.36 per unit.
However, in the month of June the average participation at
IEX in the Day-ahead electricity market was 1354, higherthan 1297 in the month of May 13, whereas the maximum
participation of 1410 was observed on 22nd June 2013.
On an overall basis, IEX has a total of 2184 participants in
the electricity market of which 1900+ clients are industrial
open access clients.
FRP takes off with TN issuing bonds,
leaving number of eligible states to six
The Centres debt restructuring scheme for power
distribution companies has taken off with Tamil Nadu
becoming the first state to issue bonds worth`
6,144crore in the first phase. The number of states that are
eligible and will be a part of the governments financial
restructuring package (FRP) is likely to be six including
Punjab, Haryana, Rajasthan, Tamil Nadu, Madhya
Pradesh and Uttar Pradesh.
Jharkhand, which has not yet unbundled its power
operations, may be able to get into the scheme with a
caveat that it will complete the unbundling exercise within
a stipulated time. The Union government has, however,
refused to accept the Kerala model of unbundling the
power business, making it difficult for the state to subscribe
to debt restructuring package. The states of Rajasthan,Uttar Pradesh and Haryana have already settled terms for
FRP with the bankers. The status of Punjab and Madhya
Pradesh is still to be decided.
Power Market Update: June13
June13
June 12
(Same month
last year)May 13
Avg. daily cleared volume (MUs) 70.4 51.2 80.62
Bid Area Average Prices (`/kWh)
June13 May 13 % change
North-East (A1,A2) 1.94 2.32 16%
East (E1,E2) 1.93 2.31 16%
North (N1,N2) 1.96 2.36 17%
North (N3) 2.36 2.36 0%
South (S1) 4.36 6.47 33%
South (S2) 4.42 6.47 32%
West (W1,W2) 1.95 2.36 17%
West (W3) 1.94 2.36 18%
UN_MCP* 2.22 2.73 19%
*UN_MCP: Unconstrained market clearing price refers to the price discovered
before accounting for any congestion in the transmission corridor
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The need for increased reliance on non-conventional
energy is more pressing than ever owing to growing
concerns on account of climate change. MNRE has
targeted to achieve capacity addition of 30,000 MW
from non-conventional energy in the XII Five year
plan period. The Electricity Act 2003, as well as the
National Action Plan on Climate Change (NAPCC),
provide the framework for increasing the share of
renewable energy in the total generation capacity in
the country.
Although, India has rich sources of renewable energy
but these are not equally distributed throughout the
nation. Moreover, variability and unpredictability
which are inherent qualities associated with a few
renewable resources make it difficult to schedule the
energy generated through these resources. Both
wind and solar power are infirm in nature, that is,
difficult to predict and vary significantly on an hourly,
daily and seasonal basis. This variability makes
grid-management a challenging task. Recognizing
these challenges and to provide impetus to
renewable capacity addition, CERC has notified RRF(Renewable Regulatory Fund) to enable better
management of the grid and allow wind and solar
farms to schedule power for a day in advance.
RRF provides a band (+/- 30% for wind generator)
under which the charge for imbalance (UI applicable
for over/under generation) to that extent is not levied
on the generator but settled through the fund.
Thus, RRF would bear charges imposed on states
hosting such RE projects that fail to comply with their
energy supply commitments to the electricity grid.
Implications of deviation in this specified band are to
be shared among all states/UTs/DVC in ratio of theirpeak demand met in the previous month in the form
of a Renewable Regulatory Charge (RRC) operated
through the RRF.
In its order dated 16th January, 2013, CERC while
addressing a few concerns raised by stakeholders
directed all concerned stakeholders to gear up for
the implementation of the RRF mechanism from
1st July, 2013. This has however been deferred till
15th July, 2013 in the order issued by CERC on 9 th
July, 2013 i.e. Approval of detailed Procedure for
the Implementation of the Mechanism of Renewable
Regulatory Fund under Regulation 6.1 (d) of Central
Electricity Regulatory Commission (Indian Electricity
Grid Code), Regulations 2010.
FOCUS OF THE MONTH
To summarize, the RRF Mechanism aims to:
Achieve better generation prediction using weather
forecasting tools
Safeguard wind generators from paying deviation in UIcharges up to a certain level of variation
No UI charges payable/receivable by the Solar Generator
Socialise the deviation charges incurred due to variationsamongst different state utilities
Develop a self sustaining mechanism towards better
acceptance of intermittent generation
With an objective to enhance the predictability of variable
renewable power, the RRF mechanism encourages wind/solar
generators to participate in scheduling. The introduction of this
mechanism is also likely to encourage acceptance of variable
renewable generation in the grid, enhance grid stability as wellas increase the tradability of renewable energy. It is estimated
that wind generation capacity of approximately 5 GW is expected
to be covered under this mechanism vis--vis the total installed
wind capacity of 19 GW.
Renewable Regulatory Fund
RRF Procedure Criteria for Wind & Solar Generators
Wind Solar
Applicability
(collective capacity at
the pooling station)
10 MW & Above 5 MW & Above
Connection Point 33 kV 33 kV
Forecasting Obligation
on the co-ordinating
agency
Up to an accuracy of 70%Based on availability of
generation requirements
Deviation (UI Charges) Yes
Yes (But No Charges to
Generators/coordinating
agency)
Within +&-
30%Outside +&- 30%
Host state agencyPayable/ Receivable ByHost State
Agency
Coordinating agency
(CA) for the Pooling
Station
Settlement Through RRF CA with the host state
Amount PayableCalculated based on the difference
between reference rate and UI rate
Based on the UI rate in the
region
Key Highlights
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The third Renewable Energy Certificate (REC) trading
session of FY 14 held on 26 th June, 2013, at IEX featured
the trade of 36,147 N-Solar and 797 Solar RECs. For non-
solar RECs, buy bids of 36,147 RECs and sell bids of 14,
01,048 RECs were received, against which 36,147 were
cleared at`1500 per REC. For solar RECs, buy bids of
797 RECs and sell bids of 2,836 RECs were received,
against which 797 RECs were cleared at`9,300 per REC.
The trading session featured participation largely from
the open-access consumers. In terms of numbers,
the session had 798 market participants of whom 634
participated in non-solar segment while 164 participated
in the solar segment. Overall participation showed a 26%
increase over the previous session.
On an overall basis, a total of 1762 participants are
registered in the REC segment at IEX. Of this, 439 are
eligible entities (RE generators), 1310 are obligated
entities (Discoms, Open access consumers & Captive
generators) and 13 are registered as voluntary entities.
Summary of the REC Trading Session held on 26th June,
2013 is as below:
An overview of participation in the REC Market at IEX as
on 30th June:
Non-solar
REC
Solar
REC
Trade Volume (REC) 36,147 797
Sale bid (REC) 14,01,048 2,836
Purchase Bid (REC) 36,147 797
Price discovered (Rs/REC) 1,500 9,300
No. of participants 634 164
Total number of registered participants 1,824
Obligated Entity 1,344
DISCOMs 26
Open Access consumers 1,247
Captive Consumer 71
Voluntary 13
Eligible Entity (Private Generators) 467
Highest participation in an
Auction(March13)1,135
Two major high-capacity transmission corridors,
exclusively meant for renewable energy, are being set
up in Tamil Nadu. Estimated to a cost of `4,400 crore,
the corridors are capable of evacuating at least 2,000
Megawatt (MW) each.
One corridor is from Kayathar of Tuticorin district
to Sholinganallur, now part of the limits of Chennai
Corporation, and the other, between Thappagundu of
Theni district to Salem. The first corridor, covering about
700 km, is likely to be commissioned by March next year,
while the other line, with a length of about 400 km, is
expected to be ready by 2014 end.
Aimed at addressing the concerns of investors in the wind
energy sector regarding inadequate evacuation facilities
in the State, the two corridors will take care of the States
future requirements too.
REC Market Update- June13 Green Corridor to be set up soon
INTERNATIONAL NEWS
Saudi Arabia and Egypt signed a USD 1.6 billion deal
on 1st June, 2013, to link their electricity grid as part of a
project that will allow the two countries to share power.
This agreement will require the construction of a 12-
mile underwater cable to facilitate electricity exchange.
This project will allow both countries to share power ofup to 3,000 Megawatts, and will achieve a return on
investment of 13% for each country.
The electricity interconnection project is expected to
relieve peak-time pressures on the electricity grid in
both countries. Peak-time summer power consumption
in Saudi Arabia falls between noon and mid-afternoon,
when air conditioners are used intensively, while in
Egypt peak time falls after sunset. The Saudi and
Egyptian electricity companies will take responsibility
for funding, ownership, operation, and maintenanceof the power grid and electricity cables inside their
respective territories.
Saudi Arabia and Egypt sign electricityexchange agreement
RENEWABLE NEWS
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Prices (`/kWh)
Area Min Max RTC*
(0-24 hr)
Peak*
(18-23 hr)
Non Peak*
(1-17 & 24 hr)
Night*
(1-6 & 24 hr)
East 0.90 3.50 1.94 2.07 1.90 1.74
North East 0.90 3.50 1.95 2.10 1.90 1.75
North(N1/N2) 0.90 3.50 1.96 2.08 1.92 1.78North(N3) 0.90 20.00 2.37 2.27 2.39 2.15
West(W1/W2) 0.90 3.50 1.95 2.07 1.91 1.75
West(W3) 0.90 3.50 1.95 2.07 1.90 1.75
South(S1) 1.00 19.50 4.37 5.50 3.99 3.37
South(S2) 1.00 19.50 4.43 5.65 4.02 3.37
* Simple Average of Area Clearing Prices for specified duration of time
Participation Details (as on 30th June13)
Total No. of registered participants 2,204
Open access consumers 1,990
Private Generators 174
Highest participation in a day since inception (22nd June, 2013) 1,410
IEX TRADE INFO - JUNE 2013
Total Volume (MUs) 2114.56 Average Daily Volume (MWh) 70,485
DAY - AHEAD MARKET
DAM Snapshot
Volume (in MUs)
Purchase Bids 2,578
Sale Bids 4,191
Unconstrained Market Cleared Volume (MCV) 2,419
Constrained MCV 2,114
Cumulative Market Clearing Volume (April13 onwards) 7,129
Maximum Unconstrained Volume in a day 101.02
Daily Constrained Average Volume 70.4
Average Daily Volume (in MW)
Purchase Bids 3,581
Sale Bids 5,821
Unconstrained Market Cleared Volume 3,360
Constrained Market Cleared Volume 2,936
MCP (Rs/kWh)
Average 2.22Minimum 1.58
Maximum 2.75
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TERM-AHEAD MARKET
Contracts Weekly Intraday Day-ahead Contingency Daily
Total Volume (MWh)* - 10,765 715 -
Max price (`/kWh) - 3.50 2.90 -
Min price (`/kWh) - 1.50 2.90 -
*Scheduled Volume in the month
REC MARKET: PRICES & VOLUME 26TH JUNE 2013
Purchase Bids (REC) Sell Bids (REC) Cleared (REC) Price (`/REC)
Non-Solar 36,147 1,401,048 36,147 1,500
Solar 797 2,836 797 9,300
1REC=1MWh
NUMBER OF PROJECTS UNDER THE REC MECHANISM
Accredited 816
Registered 761As on 30thJune13
CONGESTION PROFILE - JUNE 2013
0.00
0.10
0.20
0.30
0.40
0.50
0.60
0.70
S1 S2
0.00
1.00
2.00
3.00
4.00
5.00
6.00
South Import
0.00
0.02
0.04
0.06
0.08
0.10
0.12
0.14
0.16
0.18
0.20
E N
0.00
0.05
0.10
0.15
0.20
0.25
0.30E NE
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PriceDifferential(`/kWh)
PriceDifferential(`
/kWh)
PriceDifferential(`/kWh)
PriceDifferential(
`/kWh)
Corridor availability for STOA revised from 1400 to 700
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7/27/2019 IEX Bulletin July13
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Disclaimer
The information featured in this bulletin has been compiled from sources deemed reliable and to the best of our knowledge Whilst every effort has been made to ensure the accuracy of
Mr. Venkat Chary, Chairman, IEX and Mr. Rajesh K. Mediratta, Director, BD, IEX receiving the PowerLine Award from
the Honble Minister of State for Power, Mr. Jyotiraditya Scindia
IEX wins PowerLine Best Performing Exchange Award
IEX bagged the PowerLine award for the Best Performing
Trading Company/Exchange, second year in a row.
The award was presented by Honble Minister of State
for Power, Mr. Jyotiraditya Scindia at a gala ceremony
held in the capital on 21st June, 2013. Mr. Venkat Chary,
Chairman, IEX and Mr. Rajesh K. Mediratta, Director, IEX,
received the award from the Honble Minister on behalf of
the Exchange.
The PowerLine award recognises excellence andoutstanding performance in the Indian power sector. The
winners of PowerLine Awards 2013 were selected by an
eminent panel of jury, following an extensive research
conducted by PowerLine. The Jury for the Award included:
Mr. R V Shahi, Former Power Secretary, and Chairman
of the Awards jury; Mr. H L Bajaj, Former Member,
Appellate Tribunal for Electricity and Former Chairman,
Central Electricity Authority; Mr. C P Jain, Former CMD,
NTPC Ltd; Mr. Uddesh Kohli, Former CMD, Power
Finance Corporation; Mr. R K Narayan, Former CMD,
Power Grid Corporation; Dr. S L Rao, Former Chairman,
Central Electricity Regulatory Commission; and Mr. VSubramanian, Former Secretary, Ministry of New and
Renewable Energy.