CERC postpones real-time power trading to June 1

Kolkata: The Central Electricity Regulatory Commission (CERC) has postponed implementation of real-time power trading by three months to June 1 following requests from the industry. It was scheduled to start from April 1.

Real-time power trading involves selling and buying power at the exchanges for same-day delivery. Trading on electronic platforms would be done every alternate 30 minutes for electricity to be wheeled after 1 hour 15 minutes. For the first time, any generator, including renewable power companies, would be allowed to sell power through the platform. According to plans, 48 trading slots will be available during the day for entities to sell or buy.

At present, trading is done on a day-ahead model, where trading on a certain day is done for delivery the next day. The trading window remains open for two hours – from 10 am to 12 noon.

Source: Economic Times