Regulatory Developments in Power Trading Sector: April 11, 2025

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  HERC orders wind developer to pay ₹22.17 crore to HPPC for energy shortfall in FY 2022-23 The Haryana Electricity Regulatory Commission (HERC) has ruled in favor of the Haryana Power Purchase Centre (HPPC), directing  Nani Virani Wind Energy Pvt. Ltd. to compensate for a shortfall in power supply during Financial Year 2022–23 under a 250 MW wind power Power Sale Agreement (PSA) executed with the Solar Energy Corporation of India (SECI). The case stems…

Regulatory Developments in Power Trading Sector: March 20, 2025

Regulatory Developments in Power Trading Sector: March 20, 2025

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  CERC grants Category V trading license to Sunsure Power Markets The Central Electricity Regulatory Commission (CERC) has approved Sunsure Power Markets Private Limited’s petition for a Category V license for inter-state electricity trading across all states and union territories in India. The approval is in accordance with the CERC (Procedure, Terms and Conditions for Grant of Trading Licence and Other Related Matters) Regulations, 2020, as amended. CERC noted that Sunsure Power Markets meets the…

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IEX records monthly electricity traded volume of 11,132 MU

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Indian Energy Exchange (IEX) set a new record in December 2024, trading 11,132 MU of electricity, marking a 29% year-on-year increase. The exchange also saw a 58% rise in renewable energy certificates (RECs), with 1.7 million RECs traded. For the first nine months of FY25, IEX’s electricity traded volume reached 88,981 MU, reflecting a 19% year-on-year growth. The third quarter saw a 16% increase in traded volume, with 30,464 MU and a 31% rise in…

India's short-term power trading market grows 12% in FY24

India’s short-term power trading market grows 12% in FY24

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  Power trading in India’s short-term market rose by 12% in FY24, reaching 218.22 billion units (BU) from 194.35 BU in FY23, as reported by the Central Electricity Regulatory Commission (CERC). Short-term transactions, including deviation settlement mechanism (DSM) volumes, consist of contracts under one year, executed bilaterally or through power exchanges, representing 12.5% of the country’s total electricity generation. The remaining 87.5% was sourced through long-term contracts and intra-state transactions by distribution companies. The CERC…