Power trading platform The Indian Energy Exchange (IEX) has highlighted the flexibility offered by energy exchanges to ensure adequate power to meet fluctuating domestic demand.
The Covid-19 crisis has seen a 25 per cent dip in national peak power demand from 165 GW in pre-lockdown period to 125 GW during lockdown.
Management of such a largescale variation warrants greater flexibility to readjust generation, despatch and distribution to accommodate foreseeable and unplanned demand-supply disparity.
IEX’s 15-min trading blocks allow discoms to procure power during 96 different time blocks in a single day. For instance, on April 14, a southern distribution utility procured 345 MW during a time block and 1,800 MW in another.
