17 06 2015iex bulletin june15

7/25/2019 17 06 2015IEX Bulletin June15

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IN THIS ISSUE...

www.iexindia.com|01

JUNE15 ISSUE 3 | VOLUME 2

N E W S A N D I N F O R M A T I O N

REGULATORY NEWS

Supreme Court Judgment on RPO applicability on CPPs

On 13.5.2015, in the case of Hindustan Zinc v/s RERC, regarding applicability of

Renewable Purchase Obligations (RPO), the Honorable Supreme Court upheld

the RPO Regulations made by RERC and directed Hindustan Zinc and others to

comply with RPO.

As per the Petitioner (Captive and Open Access producers in Rajsthan):

RERC does not have the authority to impose RPO and surcharge(penalty) on CPP and OA consumers as these consumers are completelyde-licensed under the Electricity Act 2003 (EA 2003).

EA 2003 only allows RPO on the total consumption in the area of thedistribution licensee and therefore RPO applicability is only on thedistribution licensee.

In its nal judgment, Honorable Supreme Court dismissed the appeal of the

petitioner and upheld the applicability of RERC Regulations on captive and OA

consumers in Rajasthan

Based on this landmark judgment, captive gencos and open access consumers,

are obliged to purchase minimum energy from renewable sources and pay

surcharge in case of shortfall.

CERC noties third Amendment to Open Access Regulations inInter-State Transmission, 2008

On 12.5.2015, CERC notied the third amendment to the Open Access in Inter-

State Transmission Regulations, 2008. A summary of amendments is as below:

Denition of Operating charges for NLDC, RLDC and SLDC has beenadded.

Requirement of affi davit for intra-day/contingency has been removed.However, for other type of bilateral transactions; affi davit is required withapplication for concurrence of SLDC.

In case of collective transactions, the application to SLDC should

include the affi davit which shall also include the declaration that

there is no other contract for sale or purchase, as the case may be, of

the same power for which no objection or prior standing clearance is

applied for."

Reduction in Operating charges:

Operating charges reduced to ` 1000/day for each bilateral

transaction for each RLDC/SLDC involved.

For collective transaction operating charges payable by Exchange

to NLDC reduced from ` 5000 to ` 2000/day for each State involved

and `1000/day for SLDC involved for each point of transaction.

More information: www.cercind.gov.in

AGE REGULATORY NEWS

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01 Supreme Court Judgment on RPOapplicability on CPPs

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01CERC noties third Amendment toOpen Access Regulations in Inter-State

Transmission, 2008

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02 CERC issues Draft Ancillary ServicesOperations Regulations, 2015

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02 DERC noties Order on STOA charges

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03 HERC noties Tariff Order for FY 16

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03 PSERC 5thAmendment to Open Access (OA)

regulations

AGE INDUSTRY NEWS

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04 Power Market Update: May15

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05 Are we really Power Decit ?

AGE INTERNATIONAL NEWS

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06 Flow-based capacity allocationmethodology launched in Europe

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06 REC Market Update: May 15

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CERC issues Draft Ancillary Services OperationsRegulations, 2015

On 1.5.2015, CERC issued Draft Ancillary Services Operations

Regulations, 2015. The Commission has taken a more

calibrated approach and has not opted for a market based

instrument, by utilizing Un-Requisitioned Surplus (URS) of

Inter-State Generating Stations (ISGSs) as ancillary services

to support grid operation.

The salient features of the Regulations are as below:

Reserves Regulation Ancillary Services (RRAS):

means an Ancillary Service that consists of

either Regulation Down Service or Regulation Up

Service.

Reserves Regulation Ancillary Services Provider:means the Inter-State Generating Stations (ISGSs)

having un-requisitioned surplus and eligible to

participate in the Reserves Regulation Ancillary

Services.

NLDC/RLDC will be the nodal agencies.

Eligibility for participation: All Inter-StateGenerating Stations with un-requisitioned surplus.

Procedure:

NLDC to prepare merit order stack (region/bidarea wise) of un-requisitioned surplus of willingISGSs, based on the variable cost of generationand declared capacity.

Once the time period specied by the NodalAgency starts, ancillary service is deemed to havebeen triggered.

RRAS provider to inject or back down thegeneration as per quantum and time speciedby Nodal Agency.

Deviations beyond this revised schedule wouldbe treated as per CERC DSM Regulations.

Settlement to be done by the RLDC similar tothat of UI account.

No commitment charge to RRAS providers.

Commercial mechanism:

RRAS to be paid at their xed and variable charges,with a markup as decided by the Commission forregulation up services.

RRAS provider to pay variable charges to pool in case of regulation down of the

generation.

More information: www.cercind.gov.in

DERC noties Order on STOA charges

On 18.5.2015, DERC notied the Order determining open

access charges under Short Term Open Access.

The summary of the Order is as below:

Nodal Agency to compute the Cross Subsidy

Surcharge instead of DERC.

Open access charges to be levied on OA

quantum cleared by Nodal Agency and to be paid

directly to DISCOM instead of Power Exchange.

Standby Arrangement:

No requirement for notice for standby supply.

Standby charges to be applicable after 24 hrs of

outage of generator supplying to OA customer,till then charges as per DSM Mechanism to be

levied.

Temporary rate to be applicable for availing

standby supply from Discom for a maximum

period of 42 days. Option to avail standby supply

from other sources is open.

Partial drawl to be allowed only if OA quantum is

xed for a whole day. DISCOMs will recover charges

from the consumer opting for partial open access as

under:

Fixed charges on sanctioned Contract Demand

minus Open Access Quantum.

Energy charges corresponding to actual

drawl (upto sanctioned contract demand)

minus open access quantum, at applicable

DISCOMs rates.

Deviation Settlement Mechanism Charges on actual

drawl above sanctioned Contract Demand.

Meter Data reading, Bill for OA charges for intrastate

transactions and UI energy account for generators,

to be carried out on monthly instead of weekly

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The Cross subsidy surcharge for the scal is worked out as below:

Requirement for an irrevocable Bank Guarantee is as below:

HERC noties tariff Order for FY 16

On 7thMay 2015, HERC notied the Tariff Order for the FY 16.

The tariff applicable for HT Industrial Consumers and for bulk supply is as below:

Submitted by Applicable Charges Submitted to

Consumer 2 Months wheeling charges, cross subsidy surcharge, & additional surcharge (@ averageof additional surcharge for the approved period)

Concerned Discom

2 Months STU charges and SLDC Operation Charges as applicable (if the payment isnot submitted in advance)

SLDC

Seller/Generator

2 Months wheeling charges and seven days Deviation Settlement Mechanism charges@ of 105% of maximum Deviation Settlement Mechanism rate on OA Quantum.

Concerned Discom

2 Months STU charges and SLDC Operation Charges as applicable (if the payment isnot submitted in advance)

SLDC

More information: www.derc.gov.in

Category of consumers

Tariff for 2014-15 Approved Tariff for 2015-16

Energy Charges Fixed Charge Energy Charge Fixed Charge

(Paisa/kWh)(`per kVA per month of

contracted Demand)(Paisa/kWh)

(`per kW per month ofcontracted Demand)

HT Industry (> 50 kW)

Supply at 11 kV 580

150/kVA

615

170/kVA

Supply at 33kV 570 605

Supply at 66 or 132 kV 560 595

Supply at 220 kV 550 585Supply at 400 kV 545 575

Bulk Supply

Supply at 11 kV 575

150/kVA

600

`160/kVASupply at 33 kV 565 590

Supply at 66 or 132 kV 555 580

Supply at 220 kV 550 575

CoS (`/kWh) Average revenue realization (`/kWh) Cross Subsidy Surcharge ( /kWh)

1 2 3=2-1

HT Industry 6.73 7.66 0.93

Bulk Supply (other than DS) 6.73 8.27 1.54Railways (Traction) 6.73 6.85 0.12

LT Industry 7.34 7.91 0.57

NDS (HT) 6.73 8.19 1.46

More information: http://www.herc.gov.in

PSERC 5thAmendment to Open Access (OA)

regulations

On 01.06.2015, PSERC issued 5th amendment to OA

Regulations. The amendment restricts the quantity drawnby any open access consumer from the Discom in any timeblock of the day. The maximumquantum allowed throughthe Discoms for the OA consumer in any time block willbe the least of the quantum allowed through Discoms in aparticular time block of that day as per its schedule.

For Example:If an open access consumer with a contractdemand of 10 MVA has scheduled 8 MVA, 5 MVA and 2 MVApower through open access in different time blocks of theday, say 2-3 hours, 9-11 hours and 18-22 hours respectively,

then the entitlement of open access customer during timeblocks when there is no schedule or less schedule of powerthan maximum scheduled power under open access, shallbe 2 MVA from the distribution licensee, for that day.

More information:http://www.pserc.nic.in

Wheeling charges: `0.85/unit.

Additional Surcharge to be determined after a separate hearing process.



REGION BUY (MU) SELL (MU) NETMay'15 April'15 Change (%) May'15 April'15 Change (%)North East 1394.79 1119.48 25% 1102.34 823.13 34% BUYEast 690.20 727.33 -5% 647.51 731.56 -11% BUYNorth 474.92 421.98 13% 381.90 302.05 26% BUYWest 40.81 93.41 -56% 72.07 59.35 21% SELLSouth 289.89 101.11 187% 686.80 547.22 26% SELL

INDUSTRY NEWSPower Market Update: May15

Despite high temperatures in most parts of the country,and higher power demand, the price of power in the IEXspot power market continued to remain low through May,2015. The Market Clearing Price (MCP) was `2.62 per unit,2% below the last months price. Almost 84% of the totalpurchase in the month was in the NEW Grid at `2.25 perunit, almost 9% below April15 price. Last year, during thesame time, price in the NEW Grid was about `3.10 per unit.In S1 Area (AP, Telangana, Karnataka), price was ` 3.6 perunit, up by 9% over April15, mainly due to the unavailabilityof Inter-State transmission corridor.

A total of 2,891 million kWh (MUs) were traded in the Day-Ahead Market (DAM) in May, 17% higher over 2,463 MUstraded in the previous month. Last year, in May14, a totalof 2,348 MUs was traded. The daily average cleared volumein May15 was 93 MUs. Increase in traded volumes overthe previous month was primarily due to increased buyingby open access consumers who took advantage of thecompetitive prices discovered on the Exchange.

In May15, sell bids of 4.7 Billion kWh (BUs) were received, upby about 12% over the previous month while purchase bidswere 3.5 BUs, an increase of 21% over the previous month.

As regards Inter-State transmission congestion, about 88 MUswere lost, 7% increase over the previous months volume

loss of 83 MUs. The Southern region was the most affectedas electricity could not be imported into the State fromeither Western or Eastern region. The Intra-regional corridorin South was also congested during most of the monthpreventing trade of electricity between Southern States.

On an average, 1,182 participants traded in the day aheadspot market on a daily basis in May.

Volumes:A total of about 2.9 BUs were traded in the spot market inMay. The Eastern and North-Eastern States were the NetSellers,while the Northern, Western and Southern Stateswere the Net Buyers.A few key power market highlightsare as given below:

Total Sell bids 4.7 BUsTotal buy bids 3.5 BUsNorth-Eastern States bought 41 MUs, 56% less overthe previous month.Western States bought 690 MUs, 5% less over theprevious month.North-Eastern, Eastern, Southern and NorthernStates sold 72 MUs, 686 MUs, 381 MUs and 1,102MUs respectively- 21%, 26%, 26% and 34% more overprevious months Sell.

The area-wise buy and sell volume trend in May vis-a-visApril is summarized in the table below:

Area Clearing Prices (ACP):

The average Area Clearing Prices (ACP) discovered afteraccounting for transmission congestion was around `. 2.26per unit across most of the country, a decrease of about 9%over last month.

However, in Tamil Nadu and Kerala, ACP was `5.55 per unit,down by 22% over the previous month, while in AndhraPradesh and Karnataka ACP was `3.59 per unit, up by 9%over April15.

The average area prices in May vis--vis April are as

summarized in the table below:

Transmission Congestion Analysis:

East-South and West-South corridors were

congested for about 74% of the time in the

month.

S1 (Andhra Pradesh and Karnataka) - S2 (Tamil Nadu

and Kerala) corridor was congested almost 34% of

time through the month.

Participation:

1,182 participants traded in the spot market on anaverage daily basis. The highest participation was recordedon 21 May, 2015 when 1,263 participants traded at theExchange.

BID AREASAverage Prices (/kWh)

May'15 April'15 Change (%)

North-East (A1, A2) 2.26 2.48 -9%

East (E1, E2) 2.26 2.48 -9%

North (N1, N2, N3) 2.26 2.48 -9%

South (S1) 3.59 2.30 9%

South (S2) 5.55 7.10 -22%West (W1, W2, W3) 2.25 2.47 -9%

MCP* 2.62 2.68 -2%

* MCP (Market Clearing Price) refers to the price discovered before

accounting for congestion in Inter-State transmission network.

* ACP (Area Clearing Price) refers to the bid area prices discovered after

accounting for congestion in the Inter-State transmission network.



MARKET INSIGHTS

Are we really Power Decit ?

While sipping morning tea one would come across various

articles in the newspaper highlighting the poor power

supply condition in the country and consumer distress due

to excessive load shedding. Especially in Northern India,

citizens have to face hours of power cuts in the scorching

summer heat and as the mercury goes up, the situation

only worsens. As per newspaper reports, many areas in

Delhi and NCR are facing prolonged power cuts especiallyGurgaon has been witnessing 8-10 hours of power cuts,

with some areas witnessing more than 24 hours long

power cuts at a stretch.

One logical explanation to the problem would be the

lack of adequate generation capacity in the country. But

statistically speaking, the total installed capacity of the

country today stands at 272 GW with the peak demand

(for Apr15) at 140 GW. The peak demand met for the

year was 137 GW, which is only 50% of the total installed

capacity. The load generation balance report of CEA talks

about decits, the peak power decit as per the report is2.5% for the month of April15, but it is rather the demand

we have been unable to serve owing to various constraints

and not due to lack of enough electricity supply. The term

decit is misnomer and need be replaced with un-served

demand.

However, the bigger question now is: Where is allthis Power going? Evidently, the issue is not with thepresence of adequate generation capacity but with

the non-availability of generation capacity due to

the prevailing fuel shortages followed by inadequate

evacuation system and inability of the cash strapped

Discoms to purchase power to serve the needs of the

consumers. All these issues have been prevailing in

the sector for decades now, and working towards

the resolution of these issues is a necessity. The same

situation also unfolds a few opportunities with one

such opportunity being sourcing low-priced power

available in the Short Term Markets, especially the power

exchanges.

Power Purchase through Short Term Exchange

MarketsWith demand for electricity reaching new peak, one

would expect the power price in the competitive markets

to increase substantially, but the trend has been on the

contrary The Exchange is witnessing the lowest prices

during the year; the average price for the month of

May was Rs 2.56 per unit. The low prices are primarily

due to higher levels of supply and limited takers for

the power. In the month of May, IEX received about

4700 MUs (Million Units) of Sell bids against 3500 MUs of

buy bids, clearing indicating a surplus situation. Similar

trend has been observed in the previous months as

well. The table below gives the trend at IEX in the past 3

months:

Year | Week PurchaseBid

(MUs)

Sell Bid(MUs)

ClearedVolume(MUs)

AveragePrices

(Rs/Unit)

2015 Mar 3164.93 3935.27 2276.76 2.82

Apr 2878.04 4213.26 2463.31 2.68

May 3490.03 4698.34 2890.60 2.62

The distribution companies must be encouraged to utilisethis low-priced power available at the Exchange in two

ways:

1. Meet the power decits

On a day-ahead basis, based on the Demand-supply

forecast, the Discoms can place bids at the Power Exchange

to source low-priced power and meet the un-served load

without the need to tie-up any new Power Purchase

agreements and thus bearing the xed costs arising out of

such agreements (to the extent of the power available at

the Exchange).

2. Optimising power portfolio and saving costs

by replacing costly generation with cheaper

generation.

On a daily basis, Discoms can replace its costly generation

with the power purchased through the Exchange and

thereby ensure the principal of merit order dispatch is

followed. The merit order should be prepared on the basis

of variable cost of power plants under long term PPA, Day-

ahead market price of power exchanges and prices under

short term arrangements. The costlier plants can be backeddown based on the price of power on the exchange and

quantum of power procured through the Exchange. This

strategy can result in huge saving to the cash-strapped

Discoms.



In the solar segment, total buy bids of 80,867 RECs and sellbids of 14,66,946 RECs were received and all buy bids werecleared at oor price of `3,500 per REC.

Participants

A total of 1,013 participants traded at IEX with 693participants in non-solar segment and 320 participants inthe solar segment.

On an overall basis, a total of 2,456 participants are registeredin the REC segment at IEX. Of this, 742 are Eligible Entities(RE Generators) 1,701 are Obligated Entities (DISCOMs,Open Access Consumers & Captive Generators) and 13 areregistered as Voluntary Entities.

An overview of participation in the REC Market at IEX as on31st May 2015:

Total number of registered participants 2,456Obligated Entity 1,701

DISCOMs 24Open Access consumers 1517Captive Consumer 61Voluntary 13Eligible Entity (Private Generators) 742Highest participation in a session (March13) 1,135

RENEWABLE NEWSREC Market Update: May 15

The REC trading session held at IEX on 27th May, 2015 sawtrade of 2,92,400 RECs (2,11,533 N-solar and 80,867 SolarRECs) with a market share of 86%.

The market registered an increase of 550% over the previousmonths trading session when 45,202 RECs (38,481 N-solarand 6,721 Solar RECs) were traded.

This months surge in the volume is primarily due to therecent Judgment of the Honorable Supreme Court whereinthe Honorable Court has directed the captive generatingcompanies to comply with Renewable Purchase Obligation(RPO) as mandated by the State Electricity RegulatoryCommissions (SERCs). In the backdrop of this landmarkJudgment, several captive generating companies haveparticipated in this trading session at IEX which led tosubstantial increase in trade volume.

This Session also marks highest ever trade in the Solar RECsegment at IEX ever since the start of trade in solar RECs inMay, 2012.

In the non-solar segment, a total of 2,11,533 buy bids and58,14,861 sell bids were received. All the buy bids werecleared at oor price of `1,500 per REC.

INTERNATIONAL NEWSFlow-based capacity allocation methodologylaunched in Europe

As per a press release, the Flow-Based methodology wassuccessfully run for the rst time in the CWE Day-Aheadmarket coupling process. Flow-Based (FB) is a moresophisticated method for capacity calculation. Compared toATC-based (Available Transfer Capability) methods, FB marketcoupling increases price convergence while ensuring thesame security of supply as today.

Difference between Flow Based and ATC Method: WhenFlow Based market coupling is applied in a region, the marketcoupling optimisation takes into account, a detailed set ofsecurity constraints to be respected. These constraints arelinked to the physical reality of electrical meshed networksand depend on the network topology and the repartition ofpower producers and consumers.

An ATC based algorithm on the contrary will be constrainedto respect the Available Transfer Capacities (ATC) pre-

calculated on a daily basis for each bidding zone border bythe concerned TSOs.

FB method is believed to lead to a more effi cientdetermination of commercial transactions and of resultingphysical ows, helping the market participants to tradeacross borders and resulting in electricity prices that betterreect the actual grid situation.

The launch of the new Flow-Based method (over theearlier ATC method) marks a crucial milestone forEuropean market integration and paves the way towardsthe completion of the European Internal Energy Market.Due to its innovative and dynamic nature, it allows foroptimizing the capacity available for trading which in turnwill translate into significant economic welfare gains.

Following the success of Flow-Based day-ahead marketcoupling in the CWE region, the Flow-Based method isexpected to be deployed both at a larger European scaleand also in different time windows for electricity trading(e.g., intraday application).

Source: https://www.epexspot.com/

Non Solar Buyer MIX

179,690 (85%)

30,987 (15%)

856 (0%)

78,385 (97%)

Solar Buyer MIX

Open Acc ess Consumer

Captive User

Open Access Consumer

Captive User

Captive User/Open

Access Consumer

2,482 (3%)



IEX TRADE INFO: MAY15

MONTHLY PRICE SNAPSHOT

Minimum MCP Maximum MCP Average MCP

2.62/kWh 4.30/kWh0.85/kWh

VOLUME

AverageDaily (MW)

AverageDaily

Volume

93 MUs

CumulativeCleared

Volume (MU)

UnconstrainedVolume

2,979

4,004

ClearedVolume

2,891

3,885

PurchaseBids

3,490

4,691

SellBids

4,698

6,315

MONTHLY VOLUME SNAPSHOT 1 MU = 1 Million kWh = 1 GWh

5,354For FY'16

TotalVolume

(MUs)

AREA PRICES

Prices (`/kWh)

Area Min MaxRTC*

(0-24 hr)Peak*

(18-23 hr)Non Peak*

(1-17 & 24 hr)Night*

(1-6 & 24 hr)

North, East &North-East

0.80 4.00 2.26 2.49 2.18 2.29

West 0.80 4.00 2.25 2.45 2.18 2.29

South (S1) 0.94 16.00 3.59 4.16 3.40 2.98

South (S2) 0.94 20.00 5.55 8.38 4.61 4.10

* Simple Average of Area Clearing Prices for specied duration of time.



TERM AHEAD MARKET SNAPSHOT May15

Total Volume(MWh)

Max Price( /kWh)

Min Price( /kWh)

Contracts

480 2.65 2.65Day-Ahead Contingency

- - -Weekly

21,964 4.50 1.89Intraday

- - -Daily

RP:Registered Projects, AP: Accreditated Projects

REC MARKET SNAPSHOT

Trade Session on 27 May, 2015

RECPurchase

Bids

Sell Bids Cleared (REC) Price

(`/REC)

Participants

5,814,861 1,500211,533 693Non Solar 211,533

80,867 3,500Solar 80,867 1,466,946 320

Source-wise RE Capacity (MW) State-wise RE Capacity (MW)

Small Hydro

Solar

Others

Wind

Bio-fuel Cogeneration

Biomass

Tamil Nadu

Karnataka

Chhattisgarh

Maharashtra

Rajasthan

Punjab

Uttar Pradesh

Andhra Pradesh

Himachal Pradesh

Gujarat

Madhya Pradesh

Others

RP: 4790 MW 2311

907

696

291

582 2

RegisteredProjects

1205

1036

730

399

137

367

168

20283 69

117276

RegisteredProject

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POWER MARKET: PARTICIPATION SNAPSHOT (as on 31.05.2015)

Total RegisteredParticipants

3400+

Open AccessConsumers

3,098

PrivateGenerators

304

HighestParticipation

1410 (22nd June13)

Volume(MWh)

Price(`/kWh)

Hours

Hourly MCV (MWh) Hourly MCP ( /kWh)

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

4.00

0.00

500.00

1000.00

1500.00

2000.00

2500.00

3000.00

3500.00

4000.00

4500.005000.00

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Average Hourly Market Clearing Volume and Price (May'15)

Cleared Volume (MWh) MCP N1 S1 W3

Price/kWh

VolumeMWh

01-05-2

015

02-05-2

015

03-05-2

015

04-05-2

015

05-05-2

015

06-05-2

015

07-05-2

015

08-05-2

015

09-05-2

015

10-05-2

015

11-05-2

015

12-05-2

015

13-05-2

015

14-05-2

015

15-05-2

015

16-05-2

015

17-05-2

015

18-05-2

015

19-05-2

015

20-05-2

015

21-05-2

015

22-05-2

015

23-05-2

015

24-05-2

015

25-05-2

015

26-05-2

015

27-05-2

015

28-05-2

015

29-05-2

015

30-05-2

015

31-05-2

015

0

20,000

40,000

60,000

80,000

100,000

120,000

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

IEX Price and Volume Trend (May'15)


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CONGESTION PROFILE (May 2015)

% of Time Congestion

72.60% 73.90%

34.40%

0% 0% 0%0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

N3 Import W3 ExportES WS S1S2 EN

PriceDifferential(`/kWh)

01-05-2

015

02-05-2

015

03-05-2

015

04-05-2

015

05-05-2

015

06-05-2

015

07-05-2

015

08-05-2

015

09-05-2

015

10-05-2

015

11-05-2

015

12-05-2

015

13-05-2

015

14-05-2

015

15-05-2

015

16-05-2

015

17-05-2

015

18-05-2

015

19-05-2

015

20-05-2

015

21-05-2

015

22-05-2

015

23-05-2

015

24-05-2

015

25-05-2

015

26-05-2

015

27-05-2

015

28-05-2

015

29-05-2

015

30-05-2

015

31-05-2

015

0

0.0005

0.001

0.0015

0.002

0.0025

0.003

0.0035

0.004E N


01-05-2

01

5

02-05-2

01

5

03-05-2

01

5

04-05-2

01

5

05-05-2

01

5

06-05-2

01

5

07-05-2

01

5

08-05-2

01

5

09-05-2

01

5

10-05-2

01

5

11-05-2

01

5

12-05-2

01

5

13-05-2

01

5

14-05-2

01

5

15-05-2

01

5

16-05-2

01

5

17-05-2

01

5

18-05-2

01

5

19-05-2

01

5

20-05-2

01

5

21-05-2

01

5

22-05-2

01

5

23-05-2

01

5

24-05-2

01

5

25-05-2

01

5

26-05-2

01

5

27-05-2

01

5

28-05-2

01

5

29-05-2

01

5

30-05-2

01

5

31-05-2

01

50

1

2

3

4

5

6

7

8 S1 S2


01-05-2

015

02-05-2

015

03-05-2

015

04-05-2

015

05-05-2

015

06-05-2

015

07-05-2

015

08-05-2

015

09-05-2

015

10-05-2

015

11-05-2

015

12-05-2

015

13-05-2

015

14-05-2

015

15-05-2

015

16-05-2

015

17-05-2

015

18-05-2

015

19-05-2

015

20-05-2

015

21-05-2

015

22-05-2

015

23-05-2

015

24-05-2

015

25-05-2

015

26-05-2

015

27-05-2

015

28-05-2

015

29-05-2

015

30-05-2

015

31-05-2

015

0

0.5

1

1.5

2

2.5

3

3.5

4

4.5South Import



Dear Readers,

We thank you for your encouraging response and support towards the IEX Bulletin. In our efforts to make this

bulletin even more informative, we request you to send your suggestions and valuable feedback to the editor at

[email protected]

Warm regards,

Team IEX

Dear Maam,

Congrats for bringing out a concise yet so informative and beautifully presented information in your IEX monthly

bulletin.

Dinesh Chandra,CEA

Readers Feedback

Twitterati Speaks @IEXLtd

(1/2) H'ble @PiyushGoyal rightly mentioned in

Lok Sabha that 'sad part is states are not buying

enough power'

IEX India@IEXLtd 1st May, 2015

(2/2) Hon'ble@PiyushGoyal - States clearly

not buying. In April IEX received sale bids of

142MU(~6000 MW RTC) against buy bids of 96MU

(4000 MW RTC)

IEX India@IEXLtd 1st May, 2015


12/12

Edited, printed and published by:

Rajesh K. Mediratta, Director (B.D.), IEX, on behalf on Indian Energy Exchange fromUnit No. 3-6, Fourth Floor, Plot No.7 TDI Center, District Centre, Jasola, New Delhi (India) 110025

Tel No.: +91-11-4300 4000 | Fax No.: +91-11-4300 4015 | E-mail: [email protected] | www.iexindia.com | CIN: U74999MH2007PLC169201

Printed at G.S. Graphic Arts, A-18, Naraina Industrial Area, Phase 1, New Delhi - 110028

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 the information, IEX will not be held responsible for any errors or omissions neither will it be liable for damages nor losses suffered, personal or otherwise, due to theinformation contained in this bulletin.JUNE

2015

For registration/further details, please Contact :

Mr Manish Arya

Phone: +91-11-43004075| Mobile: +91-9811359425

Email: [email protected]

31st Aug. - 2ndSept., 2015

at ASCI HYDERABAD

IEX announces a Leadership Course on

INDIAN POWER MARKETS ISSUES AND CHALLENGES

Indian Energy Exchange (IEX) is organizing a 3-day Residential Leadership Course on

Indian Power Markets Issues and Challenges in association with the Administrative

Staff College of India, Hyderabad (ASCI). The program is designed by experts from

IEX and ASCI with a focus on recent developments in the Power sector.

This Course is aimed at providing insights into the development of electricity

markets in India and provide a platform for discussing the challenges and

way forward.

WHO SHOULD ATTEND

The training course has been specificallydesigned for senior to middle to senior levelprofessionals from industry and practitioners fromthe entire power sector spectrum including:

Generation companies

Distribution Companies

Traders

Financial Institutions and Banks

Open Access Customers

Transmission Companies

Consultants

Academicians

17 06 2015iex bulletin june15

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