Indian Energy Exchange announced that spurred by the increasing demand for electricity across the various States, the electricity market achieved an all-time high volume of 8248.52 MU in the month of March 21
surpassing all the previous milestones. The robust volumes led to a 92% YoY growth in electricity market during the month.
According to the power demand data published by the National Load
Dispatch Center, the national peak power demand touched 186 GW seeing a 9% YoY growth while the power consumption grew 23% YoY. The market faced transmission congestion on the inter-state transmission network due to which 24MU was lost during the month, representing 0.03% of total traded volume.
‘KSEB has signed pact with Adani to buy power in April and May 2021’
Continuing his tirade against the Left Democratic Front (LDF) government over its purchase of power from the Adani group, Leader of Opposition Ramesh Chennithala on Saturday said that the government was misleading the people of the State.
Addressing reporters in Haripad, Mr. Chennithala said that apart from purchasing power from the Adani Green Energy through a deal signed with the Solar Energy Corporation of India (SECI), the Kerala State Electricity Board (KSEB) recently entered into a separate direct agreement with the Adani group to buy electricity in April and May 2021.
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M-RETS DEVELOPS FIRST HOURLY RENEWABLE ENERGY CERTIFICATE RETIREMENT
On March 1st, M-RETS announced that it had completed the first-ever hourly Renewable Energy Certificate (REC) retirement. The hourly REC retirement system ensures that each hour of a user’s operation is matched to actual renewable energy produced at the same time. In the current dominant practice, renewable energy purchasers receive RECs issued monthly and match them to load over one year or longer. In the hourly REC retirement system, by contrast, renewable energy purchasers can match RECs to energy usage over more precise intervals by making use of hourly energy usage data.