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N E W S A N D I N F O R M A T I O NIEX Bulletin
JANUARY'17 ISSUE 01 | VOlUME 4
ISO 9001:2008, 27001:2013, 14001:2004
IEX achieves the distinction of becoming the first power exchange in India to accomplish ISO Certifications: ISO 9001:2008 for Quality Management, ISO 27001:2013 for Information Security Management and ISO 14001:2004 for Environment Management
www.iexindia.com | 01
In thIs Issue...PAGE REGUlATORY NEWS
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03 CERC Staff Paper on National Open Access Registry
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03 MoP Guidelines on Cross Border Trade (CBT) of Electricity
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03 POSOCO notified as Wholly owned company of GoI
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04 CERC proposes draft Fifth Amendment to IEGC Regulations
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04 BEE issues draft procedures for transaction of ESCerts
PAGE INTERNATIONAl NEWS
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04 Introduction of Intra-Day auctions in the Netherlands and in France
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04 Portugal runs on Renewables for one week
PAGE MARkET INSIGHTS
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05 Analysis on DNHPCL Tariff Petition in JERC for FY '18
PAGE MARkET NEWS
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07 Power Market Update: December’16
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08 REC Market Update: December’16
PAGE TRADE INFO
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New Year Greetings
Dear Readers,
As we mark a new beginning, I wish all our readers a Happy and Prosperous New Year, 2017. May this year brings you abundant opportunities, prosperity and success. New year symbolizes a new start to make new innings with a new perspective.
Indian power sector is set to enter the next phase in 2017 with a promising focus on distribution reforms, reduced reliance on imported coal and further expansion of renewable energy generation. The total installed capacity increased by almost 12% from 276 GW in 2015 to 309 GW in year 2016. On renewable energy front, the government plans to add about 20 GW capacity on an annual basis to the already existing capacity of 47GW, to realize the ambitious target of 175 GW by 2022.
An extensive network of transmission lines has been developed over the last few years to evacuate power produced from the generating stations spread across the country and distributing the same to consumers. The year that went by saw significant augmentation of transmission network which also addressed the transmission congestion challenge faced by power exchanges especially in import of power to southern region as well as northern region. At IEX, transmission congestion reduced by about 29% to 1761 MUs in 2016 compared to 2,476 MUs lost in 2015.
With syncing of southern grid in harmony with the NEW Grid, the exchange saw many instances when spot power market was cleared at one uniform price for the entire country, for entire days leading to One Nation, One Grid and One Price implying no transmission congestion across the country. In 2016, the nationwide single price for electricity was discovered at the Exchange platform on 27 occasions.
With low pace of growth in demand and ample availability of generation the exchange platform saw low Market Clearing Price (MCP) of ` 2.40 per unit, about 15% lower than ` 2.82 per unit in the previous year.
DeskMD & CEOMessage from the
02 | www.iexindia.com
In last few years, IEX has seen impressive growth of about 20-25% on an annual basis. Particularly, in 2016, IEX crossed several new milestones and I would like to take this opportunity to briefly describe these achievements:
z IEX maintained its leadership position with about 98% market share in electricity market with significant quantum on the sell side and buyer friendly prices. A new record of highest ever daily trade of 144 MUs was set on 6th October, ‘16. The DAM saw the highest monthly trade of 3,630 MUs in September, ‘16.
z The Inter-State Generating Stations of NTPC, OTPC etc traded Un-Requisitioned Surplus (URS) power at the Exchange.
z In December, 2016 IEX filed petition in CERC in seeking regulatory consent to introduce solar and non-solar contracts in the Green-DAM, a separate platform, which is collective in nature to facilitate trade in green energy (green attribute plus electricity)in order to help the obligated entities offset their solar and non-solar RPOs.
z IEX also took the initiative of introducing Cross border trade in electricity on its platform with neighbouring countries such as Nepal, Bangladesh and Bhutan. The recently notified MoP Guidelines allows trade with neighbouring countries through Term Ahead Market on Power exchanges.
z Several new regulatory initiatives were initiated by CERC such as General Network Access (GNA), Staff Paper on National Open Access Registry (NOAR), Energy Saving Certificates Regulation and Ancillary Service Operation Regulation in order to further growth and demand in the sector.
With CERC pro-actively re-aligning the regulatory framework in line with fast changing necessities, as well as new regulatory initiatives, IEX expects to see the trading in ESCerts, trading with our neighboring countries, greater liquidity in the DAM, Term Ahead Market and REC Market in 2017 and ahead.
It is a pleasure to share that in August, IEX achieved the distinction of becoming the first power exchange in India to accomplish three ISO Certifications: ISO 9001:2008 for Quality Management, ISO 27001:2013 for Information Security Management and ISO 14001:2004 for Environment Management.
Further we also launched several CSR initiatives with an aim to support social initiatives like promoting electrification through decentralized renewable energy application, empowering children through education and by providing mid-day meals; livelihood creation for youth through development of vocational skills, women empowerment, healthcare for elderly etc. in collaboration with various credible NGOs with support from Next Gen.
Last but not the least the Exchange won the recognition of “Leader in Market Development” Award at the India Power Award 2015 ceremony organised by Council of Power Utilities in April 2016.
On that promising note, I again wish you all a very Happy New Year, 2017!!
With Warm Regards,
S.N. GoelManaging Director and CEO
www.iexindia.com | 03
REGUlATORY NEWSCERC Staff Paper on National Open Access Registry
On 25.11.2016 CERC has issued a Staff Paper on National Open Access Registry (NOAR), the key highlights of which are as below:
� Objectives
− To establish an integrated IT based system accessible to all stakeholders.
− To maintain repository of information open access granted, inter-state corridor available for STOA as uploaded by NLDC/RLDCs and availed STOA.
− To eliminate the voluminous and cumbersome paper work involved in the obtaining standing clearance/NOC by entities.
− To reduce the gate closure time for STOA Transactions.
� Establishment
− The NOAR will be utilized for facilitating short term and collective transactions involving STOA. The registry will be established based on approval by CERC. Thereafter rules and bye laws for day to day business will be framed.
� Neutrality
− Functioning of NOAR to be completely insulated from the commercial interests of the promoters or the shareholders.
− NOAR to provide information to CERC for analysis and reporting purposes.
− NOAR to operate independently of the Power Exchanges.
� One or Many
− There can be a single NOAR.
� Ownership
− NOAR can be owned and operated by POSOCO (NLDC).
� Payment of Transmission and Operating Charges
− NOAR to also be used for payment of the operating and transmission charges in the long run.
� Issues and Challenges − Physical verification for conditional approval:
NOC approval is issued by SLDC after physical verification done manually.
− Integration with SLDCs: To enable issuance of NOC through Registry, SLDCs will be required to integrate NOAR through IT.
− Corridor Allocation: The NLDC/RLDCs may allocate corridor through the registry and the allocation should not happen automatically.
− Financial Transactions: To continue to take place as being done presently until clearing house is set up.
− Cyber security issues: To prevent cyber-attacks in highly integrated IT Systems.
− Educating the stakeholders: About the system as well as the process.
More information: www.cercind.gov.in
MoP Guidelines on Cross Border Trade (CBT) of Electricity
On 5.12.2016, MoP notified guidelines on Cross Border Trade of electricity. Vide notification dated 14.12.2016 MoP notified, CEA as Designates Authority to carry out the following functions as prescribed under the said guidelines:
� Coordinating with the respective nodal agency of the neighbouring countries.
� Planning, monitoring, co-ordinating and commissioning of cross border transmission lines in consultation with CTU.
� Ensuring grid security, safety & operations in consultation with POSOCO and CTU.
� Examining and certifying surplus capacity of electricity in India for export of power by coal based Indian thermal power projects other than PSUs projects.
� According approval for Participating Entity(ies) and/or through Indian Power Exchanges.
� Notifying the quantum of electricity from time to time that can be traded under through Indian Power Exchanges.
The Designated Authority shall frame its own rules for Conduct of Business for facilitating the process of approval and laying down the procedures.
More information: www.powermin.nic.in
POSOCO notified as Wholly owned company of GoI
GoI vide its Notification dated 19.12.2012 notifies that the Power System Operation Corporation Limited, a wholly owned Government company (earlier it was PGCILs subsidiary), shall operate NLDC, NRLDC, ERLDC, WRLDC, SRLDC and NERLDC, with effect from the 3rd January, 2017.
Hiving off POSOCO from PGCIL will help the system operator to fulfill its roles and responsibilities in a neutral way.
More information: www.powermin.nic.in
04 | www.iexindia.com
CERC proposes draft Fifth Amendment to IEGC Regulations
On 9.12.2016 CERC proposed fifth amendment to IEGC Regulations. The summary of proposed major amendments is as below:
� Spinning Reserves: Spinning reserves means the Capacity which can be activated on direction of the system operator and which is provided by devices including generating stations/units, which are synchronized to the grid and able to effect the change in active power.
� Nodal Agency: NLDC shall be the nodal agency for collective transactions and Ancillary Services including Spinning Reserves.
� Amendment has been suggested to exclude the gas stations/combined cycle power stations from the list of exempted power stations which were not required to provide primary response through governor action.
� Tariff Policy dated 28.1.2016 introduced certain provisions to utilize the URS of ISGSs. In order to incorporate the above provisions amendments have been proposed in Regulation 6.5:
− To meet the time line in NTP 2016 i.e. ISGS shall receive communication regarding URS from the procurers at least 24 hours before 00.00 hours of the day of scheduling. The scheduling is proposed to start at 1 PM on D-2 day if D is the day on which implemented schedules are applicable.
− After schedules are given by original beneficiaries as per their entitlement, the original beneficiaries will have first right to give requisition. Other original beneficiaries will have a window to reschedule a power left over by original procurer as per the procedure in vogue.
− The original beneficiary may provide a formal communication to ISGS by 12PM on D-1 clearly specifying the quantum of power and duration for which ISGS may sell the power in the market.
− Once URS power has been sold in the market, beneficiary shall not be allowed to recall the power by rescheduling. In case power left unsold on the market, original beneficiaries may schedule the power from 4th time block as per procedure in vogue.
− The gains made by the ISGS i.e. the difference in selling price and the fuel cost including incidental expenses, shall be shared between the generator and the procurers who have surrendered their share, in the ratio of 50:50.
� In case the URS power surrendered by the original beneficiary is requisitioned by the other beneficiaries of the ISGS, it shall be treated as reallocation and the fixed charge and variable charge for such energy exchanged shall be borne by the other beneficiary(ies).
More information: www.cercind.gov.in
BEE issues draft procedures for transaction of ESCerts
On 7.12.2016 BEE proposed draft Procedure for Transaction of ESCerts under CERC ESCerts Regulations. Under the National Mission for Enhanced Energy Efficiency, Govt of India has introduced Perform Achieve and Trade (PAT) mechanism, wherein Energy Saving Certificates (ESCerts) shall be traded on the Power Exchanges. The scheme is administered by Bureau of Energy Efficiency (BEE) and regulated by CERC. CERC has issued Terms and Conditions for Dealing in (ESCerts) Regulations, 2016.
BEE has issued draft procedures for trading of ESCerts and has requested us to urgently file business rules along-with contract specification for such trading. Entire mechanism is in line with the REC trading mechanism. Apropos approval of procedures by CERC, IEX file Business Rules and Contract Specification for ESCerts, for CERC approval.
More information: www.beeindia.gov.in
INTERNATIONAl NEWSIntroduction of Intra-Day auctions in the Netherlands and in FranceThe Exchange Council of the European Power Exchange EPEX SPOT the Council has approved the introduction of 15-minutes in Intra-Day auction in the Netherlands and a 30-minutes auction in France. This will require modification of the respective EPEX SPOT market rules, and the contracts will be introduced following their approval by the Exchange Council.
More information: www.satprnews.com
Portugal runs on Renewables for one weekPortugal achieved a remarkable feat in May 2016, when the country, for four and a half days ran entirely on electricity from renewable sources: wind, hydro and solar power. Despite fears of a blackout, the lights stayed on for a record 107 hours between 6.45 am on Saturday 7 May and 5.45pm the following Wednesday.
More information: www.theguardian.com/news/2016/dec/26/
www.iexindia.com | 05
MARkET INSIGHTS
A Brief Analysis on DNH Power Distribution Corporation limited (DNHPCl) Tariff Petition for FY 2018 in JERC
On 1st December 2016, DNHPCL filed for Annual Revenue Requirement and Tariff Proposal for FY 2017-18.
Few salient points of the petition along with our analysis are as below:
z Open Access charges as proposed in the petition are as summarized below:
z Cross Subsidy Surcharge (CSS) � DNHPDCL has proposed a CSS of ` 0.28/unit
� The value has been derived using the NTP formula, which states;
– S=T-[C/ (1-L/100) +D+R]
Where,
S is the surcharge
T is the tariff payable by the relevant category of consumers, including reflecting the Renewable Purchase Obligation
C is the per unit weighted average cost of power purchase by the Licensee, including meeting the Renewable Purchase Obligation;
D is the aggregate of transmission, distribution and wheeling charge applicable to there levant voltage level
L is the aggregate of transmission, distribution and commercial losses, expressed as a percentage applicable to the relevant voltage level
R is the per unit cost of carrying regulatory assets
However, a slight error seems to have been made in the CSS calculation by DNHPDCL in its petition for FY 17-18 and the previous petition for FY 2016-17, in applying the loss
component ‘L’ in the formula. In the petition for FY 17-18, the loss component ‘L’, is defined as 3%, however while using in the formulae, it is taken as 0.03%.
Using 3% as the loss, with the same formula, the CSS comes out to be ` 0.16/unit instead of ` 0.28/ unit.
The calculation of CSS as per the petition and with using the ‘L’ as 3% is shown below:
Table 1: Proposed CSS for FY 17-18
Tariff `/kWh T 4.81
Cost of Supply `/kWH C 4.29
Wheeling Chgs `/kWh D 0.23
Losses in % L 3%
Regulatory Asset Charge `/kWh R 0
As per Petition `/kWh 0.28
Actual Calculation `/kWh 0.16
A similar anomaly seems to have been made in CSS calculation for the year FY 16-17 as well as per order 193/2016, where approved CSS is ` 0.22/unit, while using the same NTP formula, it come to ` 0.11/unit.
If the excess recovery for CSS made in FY 16-17 is factored in while calculating the CSS for FY 17-18, the effective CSS for the FY 17-18 comes out to be ` 0.05/unit as shown in Table 2.
OA Charges Unit Existing Proposed in the Petition
Net Change %
STU Charges `/kWh 0.03 0.05 67%
Addl Surcharge `/kWh 0.47 1.27 170%
Wheeling Charges `/kWh 0.12 0.23 92%
CSS `/kWh 0.22 0.28 27%
06 | www.iexindia.com
Table 2: CSS for FY 2017-18 considering Excess recovery for FY2016-17
Particulars Notation CSS in `/kWh
As per order 193/2016 FY 2016-17
A 0.22
Actual Calculated CSS for FY 2016-17
B 0.11
Excess Recovery C=A-B 0.11
Calculated CSS for FY 2017-18 D 0.16
Applicable CSS for FY 2017-18 E=D-C 0.05
z Wheeling Charges
In DNHPDCL, Petition considers the per unit wheeling charge to be recovered for its wire business from the net quantum (4044 MUs) to be supplied by the Discom after deducting the open access quantum (2195 MUs).
However, the total quantum (4044+2195 = 6239 MUs) should be considered for the wire business for calculating the wheeling charges, i.e. total quantum of energy that is
to be wheeled in the system irrespective of the source of supply whether DNHPDCL or Open access.
z Additional Surcharge
JERC in its order dated 15 Sept 2016 against petition no 205/2016, had approved the methodology for calculation of additional surcharge. The table below shows the calculation as per the methodology in the DNHPDC petition vis-à-vis that approved by JERC.
Table 3: Proposed Additional Surcharge for FY 2017-18
Projected Energy Cons of OA Consumer
a 2195.55
% of OA quantum b 22.40%
Fixed Charges for FY 2017-18 in ` crores
c 1240.67
Fixed Charges to be recovered from OA
d=c*b 277.9
Additional Charge `/kWh e=d*10/a 1.27
The calculation of the Additional surcharge as per JERC methodology is as below:
Table 4: Additional Surcharge Calculated Value
Particulars Notation Units DNH
Fixed Charges as per PPA – Crores 1069.62
Transmission Charges Paid – Crores 179
Total Fixed Charges A Crores 1248
Total HT/EHT Load B MVA 1361
Total Connected Load C MVA 1679
% of HT/EHT Load of Total Load D= B/C 81%
Retail Tariff Demand Charges E `/kVA 3300
Energy Usage @ 92.5% PLF F kWh 8103
Cost Liability on HT EHT Consumer G= AxD Crores 1012.03
Fixed Cost Per KVA H=(Gx10^7/Bx10^3) `/kVA 7436.16
Short Recovery I=H-E `/kVA 4136.16
Additional Surcharge J=I/F `/kWh 0.51
www.iexindia.com | 07
MARkET NEWS
REGIONAVERAGE DAILY BUY (MW) AVERAGE DAILY SELL (MW)
NETDec'16 Nov'16 Change (%) Dec'16 Nov'16 Change (%)
North East 93.52 59.29 58% 210.11 187.96 12% SELLEast 414.78 333.47 24% 383.91 558.96 -31% BUYNorth 1,363.27 1,113.69 22% 635.73 418.74 52% BUYWest 1,336.27 806.11 66% 2,299.47 1,783.34 29% SELLSouth 1,098.71 1,088.87 1% 777.77 452.43 72% BUY
Power Market Update: December’16The Day-Ahead Market at IEX witnesses transactions of 3101 MUs in December’16 despite low demand due to the cold wave in North and congestion in Inter-State Transmission Network. On a daily average basis, 100 MUs were traded. The average Market Clearing Price (MCP) for the month was ` 2.32 per unit same as the previous month and about 10% less over prices of ` 2.56 per unit in December, 2015. The average Area Clearing Price (ACP) the price at which settlement takes place, varied from ` 1.43 per unit to ` 4.50 per unit. With the average daily purchase bid of 119 MUs and average daily sell bids of 229MUs, the market remained highly liquid and thus the prices were buyer friendly. The Open access consumers were key buyers in the market followed by distribution companies.Unavailability of transmission corridor continued to be a deterrent and led to market splitting and price variations. As a result of congestion 4.4 MUs were lost on a daily average basis. The Southern import was congested about 47% of the time mainly due to increased demand, outages and limited availability of the corridor. The Northern import was congested 34% of the time during the month mainly due to congestion on Gwalior-Agra Transmission Link, Mundra-Mohindergarh Link and HDVC Rihand-Dadri link. There were two instances in the month: 18 December and 20 December when the power spot market was cleared at one uniform Market Clearing Price for the entire country for whole days leading to One Nation, One Grid and One Price. The average Area Clearing Prices (ACP) across regions in December are as below:
� North-East, East and West: ` 2.14 per unit � North: ` 2.57 per unit � South: ` 2.71 per unit
The graphical depiction of average ACP in December is as below:
Participation 1,162 participants traded in the spot market on an average daily basis. The highest participation was on 22 December, 2016 when 1,292 participants traded on the Exchange.
VolumesThe key highlights of the month are as below:
� Total Sell bids: 7,096 MUs
� Total buy bids: 3,684 MUs
� Total Cleared Volume: 3,101 MUs
� Northern, Eastern and Southern States: Net Buyers
� Western, Eastern & North-Eastern States: Net Sellers
The table below gives average daily buy-sell at regional level for December’16 vis-à-vis November’16:
E�S W�S W�NS1�S2 E�N N3 Import W3 Export
% of time congestion
47.3% 47.3%
4.5%
33.7% 34%
0% 0%0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
Rest of India - ` 2.14/unit South (S1/S2) - ` 2.71/unitNorth (N1/N2) - ` 2.57/unit Punjab - ` 2.57/unit
Pric
e (`
/kW
h)
ACP in December
01-1
2-20
16
02-1
2-20
16
03-1
2-20
16
04-1
2-20
16
05-1
2-20
16
06-1
2-20
16
07-1
2-20
16
08-1
2-20
16
09-1
2-20
16
10-1
2-20
16
11-1
2-20
16
12-1
2-20
16
13-1
2-20
16
14-1
2-20
16
15-1
2-20
16
16-1
2-20
16
17-1
2-20
16
18-1
2-20
16
19-1
2-20
16
20-1
2-20
16
21-1
2-20
16
22-1
2-20
16
23-1
2-20
16
24-1
2-20
16
25-1
2-20
16
26-1
2-20
16
27-1
2-20
16
28-1
2-20
16
29-1
2-20
16
31-1
2-20
16
30-1
2-20
16
0.000.501.001.502.002.503.003.504.004.505.00
RoI North (N1/N2) Punjab South
08 | www.iexindia.com
Total number of registered participants 3,369
Obligated Entity 2,515
DISCOMs 32
Open Access Consumers 2,312
Captive Consumer 123
Voluntary 19
Eligible Entity (Private Generators) 860
Highest participation in a session (March'16) 1,315
REC MARkET UPDATE: DECEMBER’16
Solar Buyer Mix
Captive User
Distribution Licensee
Open Access Consumer
Non-Solar Buyer Mix
Captive User
Distribution Licensee
Open Access Consumer
70,017 (31%)
18,225 (73%) 1,45,128 (64%)
2,454 (10%)
4,110 (17%)
11,387 (5%)
A total of 2.51 lacs RECs were traded in the REC trading session held on 28th December, 2016 at IEX.
The key details of this trading session are as below:
� Non-solar segment: Total Buy bids – 2,26,532 and Total Sell bids – 70,94,753.
All buy bids were cleared at floor price of ` 1,500 per REC.
� Solar segment: Total Buy bids – 24,789 and Total Sell bids – 29,06,174.
All buy bids were cleared at floor price of ` 3,500 per REC.
The purchase this month has been on account of few utilities such as BSES Rajdhani, DVC and BEST Undertaking. Further, obligated captive power and open access consumers also contributed in this trading session.
Since the beginning of this fiscal (April-December), IEX has traded 17.85 lacs RECs. On 28th December, 2016 a total of 2.51 lacs RECs were traded an increase of over 43% over 1.75 lacs RECs traded in the previous month of the same fiscal.
Participants
A total of 1,291 participants traded at IEX with 802 participants in non-solar segment and
489 participants in the solar segment. Overall, a total of 3,386 participants are registered in the REC segment at IEX. Of this, 851 are Eligible Entities (RE Generators) 2,516 are Obligated Entities (DISCOMs, Open Access Consumers & Captive Generators) and 19 are registered as Voluntary Entities.
An overview of participation in the REC Market at IEX as on 28th December, 2016:
www.iexindia.com | 09
TRADE INFO: DECEMBER’16
MONTHlY PRICE SNAPSHOT
Minimum MCP Maximum MCP Average MCP
` 2.32/kWh` 2.67/kWh` 1.52/kWh
MONTHlY VOlUME SNAPSHOT 1 MU = 1 Million kWh = 1 GWh
Average Daily
Volume
100 MUs
Unconstrained Volume
3,237
4,351
Cleared Volume
3,101
4,168
PurchaseBids
3,684
4,952
Sell Bids
7,096
9,538
Cumulative Cleared
Volume (MU)
30,309 For FY'17
VOLUME
Average Daily (MW)
TotalVolume (MUs)
Area Prices (`/kWh)
Area Average Minimum Maximum
East, North East, West 2.14 0.30 4.06
North 2.57 0.70 15.00
South (S1) 2.69 0.30 4.99
South (S2) 2.72 0.30 4.99
10 | www.iexindia.com
TERM AHEAD MARkET SNAPSHOT (December’16)
Total Volume (MWh)
Max Price (`/kWh)
Min Price (`/kWh)Contracts
29,023 4.20 2.80Day-Ahead Contingency
11,664 3.80 2.65Weekly
15,789 4.50 1.11Intraday
– – –Daily
RP: Registered Projects
REC MARkET SNAPSHOT
Trade Session on 31st December, 2016
RECPurchase
Bids Sell Bids Cleared (REC) Price (`/REC) Participants
70,94,753 1,5002,26,532 802Non-Solar 2,26,532
24,789 3,500Solar 24,789 29,06,174 489
1,242
1,027
582
353
137
485
156
248
4938104 286
State-wise RE Capacity (MW)
Tamil Nadu
Karnataka
Chhattisgarh
Maharashtra
Rajasthan
Punjab
Uttar Pradesh
Andhra Pradesh
Himachal Pradesh
Gujarat
Madhya Pradesh
Others
Source wise RE capacity (MW)
Wind
Bio-fuel cogeneration
Biomass
Small Hydro
Solar
Others
RP: 4,707 MW RP: 4,707 MW
Registered Projects
2,331
751
675
237
7103
Registered Projects
www.iexindia.com | 11
PARTICIPATION SNAPSHOT (as on 31st December, 2016)
Total Registered Participants
4,255
Open Access Consumers
3,728
Private Generators
385
Highest Participation
1,410 22nd June'13
Average Hourly Market Clearing Volume and Price for the month
Volu
me
(MW
h)
HoursHourly MCV (MWh) Hourly MCP (`/kWh)
Pric
e (`
/kW
h)
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
0.00
1000.00
2000.00
3000.00
4000.00
5000.00
6000.00
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
Pric
e `/
kWh
Volu
me
MW
h
01-1
2-20
16
02-1
2-20
16
03-1
2-20
16
04-1
2-20
16
05-1
2-20
16
06-1
2-20
16
07-1
2-20
16
08-1
2-20
16
09-1
2-20
16
10-1
2-20
16
11-1
2-20
16
12-1
2-20
16
13-1
2-20
16
14-1
2-20
16
15-1
2-20
16
16-1
2-20
16
17-1
2-20
16
18-1
2-20
16
19-1
2-20
16
20-1
2-20
16
21-1
2-20
16
22-1
2-20
16
23-1
2-20
16
24-1
2-20
16
25-1
2-20
16
26-1
2-20
16
27-1
2-20
16
28-1
2-20
16
29-1
2-20
16
31-1
2-20
16
30-1
2-20
16
Cleared Volume (MWh) MCP N1 S1 W3
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
0.000.501.001.502.002.503.003.504.004.505.00
IEX Price and Volume Trend in December 2016
Price for the Month
Pric
e (`
/kW
h)
2.48 2.45 2.45 2.45
2.99 3.10
2.45 2.452.56
2.14 2.14
2.57 2.57 2.69 2.72
2.14 2.142.32
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
East North Punjab South (AP & KN) S2 (TN & KR) West Chhattisgarh MCP
December, 2015 December, 2016
North - East
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 the information contained in this bulletin.
JAN
201
7
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