Short-term power market to grow in coming days, says CERC Chairperson Pujari

Share of the short-term electricity market will grow in future with lesser fructification of long-term power purchase agreements, Central Electricity Regulatory Commission (CERC) Chairperson P K Pujari said on Wednesday.

In short-term market, consumers like captive users or discoms buy power either at energy exchanges or directly from generating firms (gencos) under open access. This is different from conventional PPAs where consumers buy electricity for a term as long as 25 years.

“I don’t think long-term PPAs will fructify in future. I think the share of short-term electricity market will grow…It is no way that long term PPAs will meet 100 per cent demand,” Pujari said at a virtual programme, ‘Know Your Regulator’ organised mainly by the Centre for Policy Research.