|

MCX gets SEBI nod to launch electricity derivatives contracts

By

The Multi Commodity Exchange of India Ltd. (MCX) has received approval from the Securities and Exchange Board of India (SEBI) to launch electricity derivatives contracts. This marks a major step in the evolution of energy trading in India. The launch is supported by both SEBI and the Central Electricity Regulatory Commission (CERC), reflecting a strong push from regulators to deepen and modernise India’s power markets. Electricity derivatives are financial contracts linked to electricity prices. They…

Regulatory Developments in Power Trading Sector: May 7, 2025

By

  CERC reforms power trading to improve price discovery   The Central Electricity Regulatory Commission (CERC) has issued an order to reform electricity trading in India. The order addresses concerns around price discovery, liquidity, and market fragmentation across power exchanges. It applies to the Term Ahead Market (TAM), Day-Ahead Contingency (DAC), and Intra-Day contracts, and aims to enhance transparency and competition. In the TAM segment, power exchanges must discontinue user-defined time slots, such as hourly contracts,…

|

CERC changes power trading rules to make prices more transparent

By

The Central Electricity Regulatory Commission (CERC) has issued new rules to improve electricity trading in India. The changes aim to make prices clearer, reduce confusion, and encourage more participation. The new rules apply to short-term power contracts: Term Ahead Market (TAM), Day-Ahead Contingency (DAC), Intra-Day, and Any-Day Single-Sided (ADSS). In the TAM segment, power exchanges will stop offering custom time slots like hourly contracts within a week. Only fixed slots such as Base, Round-The-Clock (RTC),…

Regulatory Developments in Power Trading Sector: April 11, 2025

By

  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

By

  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…

|

IEX records monthly electricity traded volume of 11,132 MU

By

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

By

  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…