NEW DELHI: Power System Operation Corporation Ltd (POSOCO) has asked three power exchanges — IEX, PXIL and HPX — to restrict electricity trading by 27 discoms in 13 states having outstanding dues towards gencos, sources said. The directive from POSOCO to Indian Energy Exchange (IEX), Power Exchange of India (PXIL) and Hindustan Power Exchange (HPX) is given to restrict trade of electricity by utilities of 13 states, including those in Maharashtra, Madhya Pradesh, Rasjasthan, Karnataka, Andhra Pradesh, Telangana, Tamil Nadu, Bihar, Chhattisgarh and Jharkhand.
POSOCO, a public sector enterprises under the Union power ministry, manages integrated operation of Indian power system.
In a letter shot off to the three exchanges, POSOCO said that buy and sell transactions in all products of power market for the discoms (27 discoms in 13 states) shall be entirely restricted till further notice from the delivery (of power) date of August 19, 2022.
