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Market coupling is beneficial for the market not 1-2 players: Power Exchange of India MD

Market coupling is beneficial for the market not 1-2 players: Power Exchange of India MD
We believe that true competition can only come in once the conversation shifts from pricing to true discovery of prices, better services, access to markets, cheaper finances and areas that participants need to focus on.
Synopsis
For markets, any monopoly intended or unintended is not a healthy sign. Particularly when a segment is 100% dominated by an entity, Prabhajit Kumar Sarkar said.
Monopoly in any market implies there is something wrong with the structure of the market, not with the capabilities of the competitors, Power Exchange of India managing director and chief executive officer Prabhajit Kumar Sarkar said in an interview to ET. Sarkar said market coupling is for the benefit of the market and not one or two players and hence should be implemented at the earliest. Edited excerpts:- ....

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India to get an integrated day-ahead energy market for electricity, renewable energy by August

India to get an integrated day-ahead energy market for electricity, renewable energy by August
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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Power exchanges account for 51 per cent of short-term trade

Power exchanges account for 51 per cent of short-term trade
During the calendar year, the average spot price of electricity in the day-ahead market of power bourses was 16% lower than that in 2019.
Synopsis
Experts and state governments said the trend was not specific to 2020, though it being an exceptional year, and they expect the share of exchanges in electricity trade to rise further as they offer good discounts over other deals.
New Delhi: Power exchanges accounted for 51% of the total short-term trade in 2020, marking the beginning of a significant transformation in the Indian power market that has so far been dominated by bilateral deals. ....

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