CERC approves proposal to start new market segment for ‘expensive’ power
NEW DELHI (Reuters) – India’s power regulator has approved a proposal to start a separate spot market segment for ‘expensive’ power, according to an order handed down to the Indian Energy Exchange (IEX), with record demand levels expected this summer.
The approval from the Central Electricity Regulatory Commission (CERC), given to the country’s largest spot power market, is for electricity derived from costlier sources of imported coal and gas, as well as battery storage.
Other power plants operating on low-cost fuel will not be allowed to sell electricity on the new market segment, according to the order, a move seen as ensuring increased electricity availability.
