www.iexindia.com 1

NOVEMBER 2021, ISSUE 22

IEX BULLETININ THIS ISSUE...

REGULATORY NEWS

Supreme Court order in the matter of Electricity Forwards & Derivatives 01

MoP issues Rules on Must-Run Power Plant 01

MoP issues Rules on Timely Recovery of Costs due to Change in Law 02

MOP issues Rules on GNA 02

MoP Directions for utilisation of unallocated power 03

MoP Guidelines for operationalising optimum utilisation of generating stations 03

CERC order on Introduction of Green Day-Ahead Contracts at IEX 03

SECI Guidelines on Battery Energy Storage Systems (BESS) 04

DERC Tariff Order for FY 22 04

KERC order on WBA capacity adjustment in open access NOC 05

POWER INSIGHTS

October 2021 06

MARKET NEWS

Market News 07

EXPERT SPEAK

BUILDING AN INTEGRATED SOUTH ASIAN REGIONAL POWER MARKET

This article was originally published on the website of Economic Diplomacy Division, Ministry of External Affairs, Government of India

09

TRADE INSIGHTS

Day-Ahead Market 11

Real-Time Market 13

REGULATORY NEWS

Supreme Court order in the matter of Electricity Forwards & Derivatives

On 6 October 2021, the honourable Supreme Court issued an

order related to regulatory jurisdictional matter between SEBI &

CERC on Electricity Derivatives. The key highlights of the order

are as follows:

w The Apex Court disposed off the matter with the consent of

parties.

w The Apex Court directed the parties to abide by the terms

and conditions as recommended by the Committee on

“EfficientRegulationofElectricityDerivatives”andtheOffice

Memorandum dated 10 July 2020 issued by the Ministry of

Power, Government of India.

w The Committee recommended CERC to regulate the Non-

transferableSpecificDeliveryContracts(NTSDC)whileSEBI

to regulate the commodity derivatives other than NTSDC as

definedinSecuritiesContractsRegulationAct(SCRA),1956.

w The Joint Working Group to be constituted with Terms of

References as agreed in the Report of the Committee between

CERC and SEBI to decide upto the modalities of Introduction

of Electricity Derivatives.

MoP issues Rules on Must-Run Power Plant

o During curtailment, compensation to be paid to the

generator at the rates prescribed in the agreement for

purchase/supply of electricity.

o Must-run power plant can sell electricity not scheduled

in Power Exchanges in event of grid constraint or grid

security, on issuance of advance notice by the procurer.

o The amount realised from sale in Power Exchanges to be

adjusted against compensation payable by procurer.

o Any deficit in realisation of amount, to be paid by the

procurer on a monthly basis.

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w Intermediary procurer to procure power for distribution licensees:

o Intermediary procurer to be an agency nominated by Central or State Government.

o Intermediary procurer deemed to be a trader, buying electricity from must-run plant under section 63 of

the Electricity Act 2003 and selling the same to Discoms.

w TherulestocomeintoforceonthedateoftheirpublicationintheOfficialGazette.

MoP issues Rules on Timely Recovery of Costs due to Change in Law

On22October2021,theMinistryofPowerissuedElectricity(TimelyRecoveryofCostsduetoChangeinLaw)

Rules, 2021. The salient features are as follows:

w To be applicable to a generating company and transmission licensee.

w The adjustment in monthly tariff to be in terms of Rs./kWh.

w ThetimelinesforadjustmentintariffonChangeinLawareasfollows:

o The Genco/Transco to give 3 weeks' prior notice to the other party about proposed impact in tariff.

o Genco/Transco to furnish computation of impact in tariff within 30 days of occurrence of change in law

or on expiry of 3 weeks from the date of notice, whichever is later.

o The impact may be computed as one time or monthly charges or per unit basis or a combination thereof.

o Recovery of proposed impact to start from next billing cycle.

o Genco/Transco to furnish relevant documents & calculations to Commission within 30 days of recovery.

o The Commission to verify and adjust amount of impact in monthly tariff within 60 days from date of

receipt of documents.

w TheamountofrecoveryonaccountofChangeinLawtobecomputedasperformulagivenintheagreement

or formula given in the Schedule to these rules.

MOP issues Rules on GNA

On5October2021,theMinistryofPowerissuedElectricity(TransmissionSystemPlanning,Developmentand

RecoveryofInter-StateTransmissionCharges)Rules2021.Thesalientfeaturesareasfollows:

w ThenewrulestounderpinasystemoftransmissionaccesstermedasaGeneralNetworkAccess(GNA)in

Inter-StateTransmissionSystem(ISTS).

w Thepowerplantswillnothavetospecifytargetbeneficiariesfortakingtransmissionaccess.

w Rules to empower state distribution & transmission companies to determine transmission requirements &

build them.

w States will be able to purchase electricity from short-term and medium-term contracts and optimise power

purchase costs.

w TheCentralElectricityAuthoritytoprepareyearlyshort-termplanonarollingbasisfor5yearsandperspective

plan every alternative year on a rolling basis for 10 years.

w The Central Transmission Utility to prepare yearly implementation plan for ISTS system on a rolling basis for

uptonext5years.

w Rules enable transmission capacity to be sold, shared or purchased by the states and generators.

w Rules prescribe that excess drawal or injection over GNA capacity to be charged at rates which are at least

25%higher.

w CERC empowered to bring out detailed regulations on GNA in Inter-State Transmission System.

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MoP Directions for utilisation of unallocated power

On 12 October 21, the Ministry of Power issued directions for utilisation of unallocated power. The key highlights

are as follows:

w It directed NTPC and Damodar Valley Corporation to supply as much power as available to Delhi Discoms

under respective power purchase agreements.

w The NTPC may offer normative declared capacity to Delhi Discoms as per allocations from gas-based power

plantsandmayincludegasfromSPOT,LT-RLNG,etc.

w The guidelines regarding utilisation of unallocated power are as follows:

o States have been requested to use unallocated power.

o In case of surplus power, states requested to intimate so that this power can be reallocated to other

needy state.

o If a state is selling power on Exchange or not scheduling unallocated power, their unallocated power may

be temporarily reduced or withdrawn and reallocated to other states.

MoP Guidelines for operationalising optimum utilisation of generating stations

On 8 October 2021, the MoP issued guidelines for operationalising optimum utilisation of generating stations as

per the requirement in the Electricity Grid. The salient features are as follows:

w If a procurer does not ask for requisition of power from plant with PPA, up to 24 hours in advance prior to

delivery day, then the generator is free to sell un-requisitioned power in the power exchanges.

w If a procurer does not schedule power for any period, from generating station with PPA, more than 24 hours

in advance, then the generator is free to sell un-requisitioned power in the power exchanges.

w Thedeveloperandprocurerstosharegainsin50:50ratio.

CERC order on Introduction of Green Day-Ahead Contracts at IEX

On17October2021,theCentralElectricityRegulatoryCommission(CERC)issuedanorderforintroductionof

GreenDay-AheadContracts(GDACs)atIEX.Thesalientfeaturesoftheorderareasfollows:

w For Bidding, Market Clearing and Settlement:

o SinglewindowforDay-AheadContingency(DAC)&GreenDay-AheadContingency(GDAC).

o Market clearing in sequential manner i.e., first GDAC will be cleared followed by DAC considering

un-cleared bids of GDAC.

o CombinedrequisitionforGDACandDACbythePowerExchangestoNLDCforallocationoftransmission

corridor.

o NLDCtoallocatetransmissioncorridorbasedonprevailingpracticeforcollectivetransactions.

o Scheduling of transactions of GDAC & DAC to be done separately based on the procedure of collective

transactions.

w RE Buyers to get solar and non-solar RPO credit-based on proportion of solar and non-solar bids of sellers

cleared.

w Participation in GDAC restricted to only those RE generators that are not registered under REC mechanism

andsaleofpowerbysuchREgeneratorinDAC(unselectedbids)nottobeeligibleforissuanceofRECs.

w ISTS charges to be applicable in GDAC.

w RE generators not allowed to buy power from RTM.

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SECI Guidelines on Battery Energy Storage Systems (BESS)

On17October2021,theSolarEnergyCorporationofIndia(SECI)issuedguidelinesforprocurementandutilisation

ofBatteryEnergyStorageSystems(BESS).Thekeyhighlightsareasfollows:

w The SECI issued draft guidelines under section 63 of the Act for Procurement and Utilisation of BESS as part

of Generation, Transmission and Distribution Assets with Ancillary Services.

w BESSisexpectedtoproviderequiredflexibilityingenerationapartfromensuringtheresourceadequacy.

w BESS may be charged through combination of RE and non-RE power.

w Followingbusiness cases havebeen identified regardingutilisationofBESS in supply of energy andgrid

maintenance:

o RE supply with BESS.

o BESSwithtransmissioninfrastructure:Maximiseutilizationofstorageasset,increasingdurationofusage

of transmission system and strengthening grid stability.

o BESSasanassetforbalancingservicesandflexibleoperations.

o Storage for Distribution: To maximise the utilisation of the storage asset and strengthening Discom

operations.

o Certain component can be earmarked for utilisation as merchant capacity to be traded in power market.

w IntermediaryProcurer,entitledtochargetradingmarginof7paise/kWhor0.5%ofthecapacitycharges.

w Minimum term of the BSPA period should be 8 years.

w In case of excess availability, BESS Developer free to sell excess battery capacity or energy in open market.

DERC Tariff Order for FY 22

On30September2021,theDelhiElectricityRegulatoryCommission(DERC)issuedapressnoteregardingARR

for FY22 for distribution and transmission companies. The key highlights are as follows:

w No change has been proposed in the tariff.

w PenaltyofRs.26.34croresforRPOshortfallinFY2019-20.

w TheRPOshortfallof1871.81MUsinFY2021-22tobemetthroughRECpurchaseatRs.0.56/unit.

w ThePensionTrustChargeshaveincreasedfrom5%to7%.

w The change in open access charges has been mentioned below:

Parameters VoltageTPDDL BRPL BYPL

FY 21 FY 22 FY 21 FY 22 FY 21 FY 22

Wheeling Charge

> 66 kV 0.98 0.99 0 0 0 0

33/ 66 kV 0.99 0.99 0.96 1.04 1.24 1.22

11 kV 1.01 1.01 0.97 1.06 1.26 1.24

CSS   1.96 1.88 1.97 1.91 1.96 1.88

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KERC order on WBA capacity adjustment in open access NOC

On29October2021,theKarnatakaElectricityRegulatoryCommission(KERC)issuedanorderontheissueof

WheelingandBankingArrangement(WBA)capacityadjustmentinNOCforanopenaccesscustomer.Thekey

highlights of the order are as follows:

w Karnataka SLDCdeclined consent for granting anyNOC to open access consumer for purchase through

Exchangeciting that theconsumerwithaWheelingandBankingArrangement (WBA)cannothaveNOC

issued for capacity more than the contract demand. Thereby restricting the NOC issued to the level of contract

demand.

w KERCinitsobservationmentionedthattheconsumercansourcepowerrequirementfrommultiplesources,

subject to the condition that sum total of power procured from multiple sources does not exceed the contract

demandinany15-minutetimeblock.

w KERCdirectedSLDCtoissueNOCwhenthetotalschedulefrommultiplesourcesinanyofthe15-minutetime

block not exceed the CD.

State RPO (%)

Karnataka (BESCOM) 23

Jharkhand 21

Himachal Pradesh 21

Uttarakhand 21

Tamil Nadu 21

Delhi 20

Rajasthan 18

Maharashtra 18

Bihar 17

Assam 17

Andhra Pradesh 17

Kerala 17

Goa 17

Gujarat 17

Madhya Pradesh 17

Chandigarh 17

Dadra & Nagar Haveli 17

Daman & Diu 17

Pondicherry 17

West Bengal 15

Punjab 15

Uttar Pradesh 13

Chhattisgarh 13

Haryana 11

Telangana 8

Meghalaya 6

IEX ANALYSIS ON RPO OBLIGATION

RPO (%)

HPO (%)

UP, Kerala, Delhi, HP & Haryana issued HPO RegulationRajasthan, Chhattisgarh & Odisha issued draft on HPO

RPO (%)

HPO (%)

22.50%

6.00%

3.00%

0.00%

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InOctober2021,allIndiainstalledcapacitystoodat390,791MWwithcapacityadditionof1,943MWduring

the month with break-up as below:

•Thermal:421MW•Renewable:1522MW•Hydro:Nochange•Nuclear:Nochange

All Indiapeakdemand reached2,00,539MWduringApril-October ’21 registering 14%YoY increase from

1,76,413MWinApril-October’20.

AllIndiaenergymetreached8,17,816MUduringApril-October’21registering11%YoYincreasefrom7,34,504

MUinApril-October’20.

POWER INSIGHTS: OCTOBER 2021

Peak Demand Comparison of Key States (MW)

(Source: www.cea.nic.in)

The comparison of the peak demand in the key states during April-October ’20 and April-October ’21 is as hereunder:

Energy Met Comparison of Key States (MU)

(Source: www.cea.nic.in)

The comparison of the energy met in the key states during April-October ’20 and April-October ’21 is as hereunder:

State April-October '20

April-October '21

%Change

Maharashtra 81,250 98,475 21%

Gujarat 61,396 71,911 17%

Andhra Pradesh 35,232 40,600 15%

Telangana 35,239 40,195 14%

Tamil Nadu 59,120 66,002 12%

Karnataka 36,587 40,331 10%

Punjab 39,879 43,196 8%

Rajasthan 47,939 50,327 5%

Madhya Pradesh 43,168 45,128 5%

Uttar Pradesh 79,635 81,395 2%

All India 7,34,504 8,17,816 11%

State April-October '20

April-October '21

%Change

Karnataka 11,516 14,158 23%

Maharashtra 21,463 25,644 19%

Andhra Pradesh 10,101 11,570 15%

Gujarat 17,298 19,431 12%

Rajasthan 13,079 14,690 12%

Tamil Nadu 14,741 16,519 12%

Haryana 10,982 12,120 10%

Telangana 12,908 13,595 5%

Uttar Pradesh 23,747 24,795 4%

Punjab 13,148 13,431 2%

All India 1,76,413 2,00,539 14%

Demand and Supply Position

(Source: www.cea.nic.in)

All India Installed Capacity (in MW)

(Source: www.cea.nic.in)

www.iexindia.com 7

MARKET NEWS

ELECTRICITY MARKET

InOctober ’21theelectricitymarketattheIndianEnergyExchangetraded9165MUvolumewith8792MUin

powermarketand373MUinGreenMarket,achieving36%YoYgrowth.Accordingtothepowerdemanddata

publishedbytheNationalLoadDispatchCenter,thenationalpeakdemandat175GWsaw3%YoYgrowthduring

themonthwhiletheenergyconsumptionat114BUsalsosaw3%growthduringthemonth.

Shri RK Singh,HonourableMinister for Power andNew andRenewable Energy commenced trading in the

GreenDay-Aheadmarketon25October2021.Thenewmarketsegment isalignedwith India’saspirationof

buildingasustainableandefficientenergyeconomyandachieving450GWofgreencapacityby2030.The

conventional and Green Day-Ahead market now operate in an integrated manner. The Exchange seeks bid

for both conventional and renewable energy at the same time through distinct windows and separate price

formation take place.

DAY-AHEAD, TERM-AHEAD & REAL-TIME ELECTRICITY MARKET

TheDay-AheadMarketachieved6568MUvolumeinOctober'21achieving19.4%YoYgrowth.Themarketsawan

averagemonthlypriceatRs.8perunit.Inthefirstfortnight,theaveragepricewas~Rs.12perunit.However,with

the various supply-side interventions initiated by the government such as improved domestic coal availability

and prompt intervention by the railways to enhance supply of coal to the power generating stations, the price

corrected to Rs. 4.1 per unit in the second fortnight. Infact in the last week of the month, the power price further

corrected to Rs. 3.4 per unit.

TheTerm-AheadMarketcomprisingintra-day,contingency,dailyandweeklycontractstraded225MUduring

the month.

TheReal-TimeElectricityMarkettraded1999MUvolumeandsawasignificant145%YoYvolumegrowthwiththe

averagemonthlypriceatRs6.91perunit.TheconsistentgrowthofReal-TimeElectricityMarketisanindication

of growing reliance of the distribution utilities and industries to achieve power demand-supply balancing in real

timeinthemostefficientmanner.

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GREEN MARKET

TheGreenMarketatIEXnowcomprisesboththeDay-AheadandTerm-Aheadcontracts.Duringthemonth,the

market achieved 372.4 MU volume in both the segments. The Green Market has seen an exciting response from

the participants as more and more utilities and C&I consumers participate in the market to meet their energy and

RPOrequirementsinanintegrated,flexibleandcompetitivemanner.

TheGreenDay-AheadMarket (GDAM) achieved24.8MUvolume in the first six days since commencement

of tradeon26Oct ’21.ThemarketdiscoveredweightedaveragepriceofwasRs3.8perunit andabout56

participantsparticipatedinthefirstsixdaysoftrading.

TheGreenTerm-AheadMarket(GTAM)achieved347.7MUvolumeseeingasignificant67%YoYgrowth.The

market witnessed participation from 46 participants during the month with key distribution utilities from states

likeWestBengal,Bihar,Haryana,Telangana,Karnataka,DVC,UttarPradesh,Maharashtra,Punjab,TamilNadu

and Madhya Pradesh.

ENERGY SAVING CERTIFICATES

TheExchangecommencedtradeintheEnergySavingCertificates(ESCerts)underPerform,Achieve&Trade

Cycle-II(PAT-II)onTuesday,26October.Inthefirsttrade,theExchangeaccomplishedtradeof43,409ESCerts.

ThetradewilltakeplaceeveryTuesdaywiththenexttradescheduledonTuesday2November’21.

IEX is delighted to resume REC trade on

Wednesday, 24 Nov ’21

For trade queries and registration, please contact: Sibasis Panda Vineet Ahuja Sibasis.panda@iexindia.com Vineet.ahuja@iexindia.com +91-9873086995 +91-729006861 Sibasis.panda@iexindia.com Vineet.ahuja@iexindia.com Sibasis.panda@iexindia.com Vineet.ahuja@iexindia.com +91-9873086995 +91-729006861 +91-9873086995 +91-729006861

www.iexindia.com 9

EXPERT SPEAK

BUILDING AN INTEGRATED SOUTH ASIAN REGIONAL POWER MARKET

By Rohit Bajaj, Head and Senior Vice President - Business Development;

Shruti Bhatia, Head - Corporate Communications; Anshul Joshi, Senior Executive at

Indian Energy Exchange Limited

(This article was originally published on the website of Economic Diplomacy Division, Ministry of External Affairs, Government of India)

https://indbiz.gov.in/building-an-integrated-south-asian-regional-power-market/

Potential to trade about 100 billion units by end of this decade, Exchange-led CBET can create economic security for South Asian countries.

InaremarkabledevelopmentfollowingthenotificationofCrossBorderElectricityTrade(CBET)RulesinMarch’21

bytheCentralElectricityAuthority(CEA),theIndianEnergyExchangecommencedtheCrossBorderElectricity

Trade(CBET)onitsplatform.Thisfirst-of-its-kindinitiativeisaimedatexpandingpowermarketsbeyondthe

Indiangeography,andtowardsbuildinganintegratedSouthAsianregionalpowermarket.Previously,IEXhad

commenced Cross-Border Electricity Trade in the Day-Ahead Market on the Exchange with the participation of

Nepal.IEXisnowpro-activelycollaboratingwithotherSouthAsiancountriesincludingBhutanandBangladesh,

which are connected through the grid to further expand and build on its cross-border offering. The CBET also

planstoincludecountriessuchasMyanmarandSriLanka,inthefuture,oncethegridconnectivityissuccessfully

established.Atpresent,India’selectricitytradewiththeneighbouringcountriesstandsatabout18billionunits

(~3500MW)thatareconductedthroughmediumtolong-termbilateralcontracts.Thepowertransferpotential

ofCBET isestimatedto increaseto100billionunitsby2030,andthecompetitive, transparent,efficientand

flexiblepowerprocurementthroughtheExchangemarket,thus,hasanimmenseopportunityinthecross-border

electricity space.

Enhancing Energy Security & Access

While the macro-economic growth prospects of the countries in the South Asian region have been the strongest

in the world, they continue to face challenges in terms of energy access, low per capita consumption, energy

pricing, and maintaining power demand supply balance. India has per a capita electricity consumption of around

1200units–aboutathirdoftheglobalaverageofabout3200units,whileforothercountries,itstandsat350

unitsforBangladesh,270unitsforNepal,and650unitsforSriLanka,translatingintomuchlowerenergyaccess

and consumption, comparatively. India shares geographic boundaries with almost all the South Asian countries.

Withalmost384GWoftotalinstalledcapacityandover97GWofrenewablecapacity,Indiaisendowedwith

ample generation capacity to meet both its domestic energy supply requirements as well as export its surplus

power. With a robust policy and regulatory framework and a competitive Exchange-based spot market built over

the last decade, India is well-positioned to lead the energy cooperation and development initiatives in the South

Asian regional power market.

Reducing Imports and Promoting Clean Energy

South Asian countries remain heavily dependent on expensive oil and gas imports and spend a major chunk of

theirforeignexchangereservestomeettheirenergyneeds.DatarevealsthatIndia’sconsumptionofpetroleum

productsgrew4.5%to213.69MMTinFY20.Indiaistodaytheworld’sthird-largestcrudeoilimporterandimports

84%ofitsoilrequirements.India’soilimportbillinFY20andFY19was$101billionand$111.9billion,respectively.

BangladeshinFY19importedaround75lakhtonnesofoilfor$4.85billion,withthesituationbeingsimilarfor

other South Asian countries. The resource base in South Asia remains highly diverse, including the large untapped

hydro-power capacity in Bhutan and Nepal against a small local demand, a huge base of thermal plants, and coal

reserves in India and Bangladesh. This diversity can be optimally utilised as per the varying seasonal and peak

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demand of the countries to enhance their energy access, and serve the regional requirements for the growing

energy needs in a competitive, just, and reliable manner. The co-development of the hydro-power infrastructure

of Bhutan and Nepal, including the pumped storage facility, will enhance regional co-operation in electricity

supply and generate income and revenue for the people besides supporting the integration of renewable energy.

Also, trading with Bhutan and Nepal could help India in meeting its renewable energy goals by increasing the

share of hydropower in the energy mix.

Global energy markets are pivoted on robust grid infrastructure

Theimportanceofregionalcooperationinthepowersectorisreflectedinvariousinitiativesacrosstheglobe

to strengthen cross-border cooperation for electricity. In Europe, Scandinavian countries have established

a common power pool forming part of the integrated European electricity market. In Europe, the wholesale

electricitymarketreliesonlargebiddingzonestocreateareliableandtransparentpricesignal.Amaximumof

liquidityispooledinallmarketareasandelectricityflowsaccordingtothepricesignal,fromthecheapertothe

more expensive region. This way interconnectors are used effectively, and price peaks are attenuated to ensure

the security of supply. European countries, thus, trade cross-border electricity most extensively as compared

withtheotherregions–withimportsaccountingfor9.1%oftotalelectricitysuppliedin2018,comparedto4.5%

inAfrica,2.2%intheMiddleEast,1.9%intheAmericas,andamere0.6%inAsia.

TheUnitedNationsSustainableDevelopmentGoal7(SDG7)encouragescross-bordergridconnections,on-grid

renewableenergysolutions,anddecentralizedoptionsthatarerequiredtorespondtothedifferingneedsof

countries and regions. To harness these complementarities in the power systems of the South Asian countries,

cross-border trade of electricity and cross-border transmission capacities need to be further strengthened. The

advancesinthecost-effectivenessofHighVoltageDirectCurrent(HVDC)powertransmissiontechnologyopen

upimmensepossibilitiesforlong-distancepowertransmission,withbenefitssuchasbettercontrolofpowerflow,

reactive power management, and allowing interconnected grids to work in an asynchronous manner. Currently,

IndiaandBhutanhaveexistingarrangementsfortheimportofabout1350MWpowerthrough400kV,220kV,

and 132kV transmission lines and for evacuation of power from various upcoming hydro-electric power projects

in Bhutan. Similarly, a high-capacity interconnection between India and Bangladesh exists through two 400kV

interconnection lines, which cumulatively facilitate the transfer of power of the order of 1200 MW to Bangladesh.

Twomore400kVoperationallinesalongwitha500MWHVDCBack-to-Backterminalareunderimplementation.

With the commissioning of these links, the power transfer capacity between Bangladesh and India would be

enhancedtoabout1540MW.AninterconnectionfromMadurai(India)toNewHabarana(SriLanka)isalsounder

discussion.

Way forward

Over the past decade, power exchanges in India have become key players in supporting generators, power

utilities, and industrial and commercial consumers in transparent, competitive, and flexible procurement of

power through diverse market-based segments and contracts to help the distribution utilities save millions while

alsocontributingsignificantlytoefficientpowerplantoperationsatthenational,regionalandstatelevel.The

competitivepowerpricediscoveryontheexchangemarketsensuresameritorderdespatchsupportingefficient

power plants. With Nepal on board, a solid beginning has been made, and other countries in the region are

expected to join soon. With a potential to trade about 100 billion units by end of this decade, the Exchange-led

CBET can create a lot of economic security, access, and sustainability value for the South Asian countries.

www.iexindia.com 11

VOLUME 1 MU = 1000 MWh = 1 GWh

Unconstrained Volume

6568.31

211.88

Cleared Volume

6568.31

211.88

BuyBids

9629.98

310.64

Sell Bids

8676.14

279.87

Volume

AverageDaily (MU)

Total Volume(MU)

PARTICIPATION

Total Registered Participants

7,000+

Open Access Consumers

4,500+

Private Generators

550+

TRADE INSIGHTS

Total Volume(MU)

Max. Price(`/kWh)

Min. Price(`/kWh)

Contracts

69.60 10.50 3.20Daily

Total TAM Volume 224.77

1.28 20 3.50Intra-Day

20 2.14Day-Ahead Contingency 153.89

TERM-AHEAD MARKET

AREA PRICES

AverageArea Minimum Maximum

20.001.008.01All India

Price (`/kWh)

DAY-AHEAD MARKET

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DAY-AHEAD MARKET: ANALYTICS

Daily Trade Details

BuySell CV Avg Price

Pri

ce (

`/kW

h)

Vo

lum

e (M

U)

0.00

2.00

4.00

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ct

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-Oct

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Area MinimumAverage Maximum

All India 0.506.91 20.00

VOLUME 1 MU = 1000 MWh = 1 GWh

Volume Sell Bids

BuyBids

Cleared Volume

MU 3078.49 3429.62 1999.17

REAL-TIME MARKET: ANALYTICS

AREA PRICES Price (`/kWh)

Daily Trade Details

www.iexindia.com 14

Indian Energy Exchange (IEX) and Administrative Staff College of India (ASCI)jointly announce

A Three-day Residential Course on

Leading India’s Energy Transition:Role of Exchange Market

December 8-10, 2021 at ASCI, Hyderabad

For registration/further details: Phone: +91-0120-4648100 | Email: training@iexindia.com

Indian Energy Exchange Limited9th Floor, Max Towers, Sec-16B, Noida, Gautam Buddha Nagar, Uttar Pradesh-201301

Regd. Offi ce: C/o Avanta Business Centre, First Floor, Unit No. 1.14(a), D2, Southern Park,

District Centre, Saket, New Delhi–110017, India

CIN: L74999DL2007PLC277039

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Indian Energy Exchange Limited9th Floor, Max Towers, Sec-16B, Noida, Gautam Buddha Nagar, Uttar Pradesh-201301

Regd. Office: C/o Avanta Business Centre, First Floor, Unit No. 1.14(a), D2, Southern Park,

District Centre, Saket, New Delhi–110017, India

CIN: L74999DL2007PLC277039

Phone: 0120 4648100 | Email: contact@iexindia.com | www.iexindia.com

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