Average spot power price rose by 65 per cent to Rs 4.06 per unit in March compared to the year-ago month at Indian Energy Exchange (IEX) mainly due to increase in demand on account of rise in temperature and revival of economic activities. The day-ahead market (DAM) traded 6,549 MU (million units) volume recording a significant 65 per cent YoY (year on year) growth. The average monthly price at Rs 4.06 per unit during the month saw a 20 per cent MoM (month on month) increase, an IEX statement said. According to IEX data, average spot power price in DAM was Rs 2.46 per unit in March 2020 and Rs 3.39 per cent in February 2021.
Average spot power price at IEX jumps 65%
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Average spot power price rose by 65% to ₹4.06 per unit in March compared to the year earlier month at the Indian Energy Exchange (IEX) mainly due to increase in demand on account of rise in temperature and revival of economic activities.
“The day-ahead market [DAM] traded 6,549 million units volume recording a significant 65% y-o-y growth,” the IEX said in a statement.
“The average monthly price at ₹4.06 per unit during the month saw a 20% month-on-month increase,” the exchange added. According to IEX data, average spot power price in DAM was ₹2.46 per unit in March 2020 and ₹3.39 per unit in February 2021.
Power ministry asks regulators to revise power tariffs by Apr 1 every year
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In a communication to chairpersons of central and all state power regulatory bodies, the power ministry has sought compliance of legal provisions in the Electricity Act 2003 and the Tariff Policy 2016, which mandate timely determination of the adequate power tariffs by the electricity commissions.
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Section 64 of the Electricity Act 2003 provides for determination of cost reflective tariff by appropriate commission within 120 days from receipt of tariff petition.
The Central government has asked regulatory commissions to issue tariff orders of all distribution licensees before April 1 of the tariff year and report compliance to the Union power ministry by May 31 every year. In a communication to chairpersons of central and all state power regulatory bodies, the power ministry has sought compliance of legal provisions in the Electricity Act 2003 and the Tariff Policy 2016,
Aptel sets aside TNERC’s 2018 wind tariff order restricting power banking facility
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The facility allowed wind power generators to sell surplus power for distribution
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Through the facility, wind power producers feed the electricity generated by their windmills into the State grid and draw the power for captive use within the banking period.
The facility allowed wind power generators to sell surplus power for distribution The Appellate Tribunal for Electricity (Aptel), New Delhi has set side wind tariff order issued by Tamil Nadu Electricity Regulatory Commission (TNERC) in 2018, which imposed restrictions on use of power banking facility and increased many other charges.