India power regulator OKs new market segment for expensive power - order

Indian Energy Exchange

17/02/2023 04:00

NEW DELHI, Feb 17 (Reuters) - India power regulator has
approved a proposal to start a separate spot market segment for
"expensive power", fixing a ceiling of 50 Indian rupees
($0.6042) per unit, according to an order issued late on
Thursday.
    The approval, given to the country's largest spot power
market, the Indian Energy Exchange  IIAN.NS , is for fuel
generated from costlier sources like imported coal and gas. 
        Power plants that use those sources will be allowed to
sell on the new market segment to be called 'high-price
day-ahead market', the order said. 
  
    The regulator last year lowered the cap on the ceiling for
all spot power market segments to 12 rupees per unit of
electricity from 20 rupees per unit earlier. 
($1 = 82.7600 Indian rupees)
 (Reporting by Sarita Singh in New Delhi; Editing by Nivedita
Bhattacharjee)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))