{"id":366059,"date":"2020-08-04T10:10:23","date_gmt":"2020-08-04T04:40:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=366059"},"modified":"2020-08-04T10:10:23","modified_gmt":"2020-08-04T04:40:23","slug":"ptc-india-gets-nod-to-set-up-third-power-exchange-launch-likely-by-next-fy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ptc-india-gets-nod-to-set-up-third-power-exchange-launch-likely-by-next-fy\/","title":{"rendered":"PTC India gets nod to set up third power exchange; launch likely by next FY"},"content":{"rendered":"<p>The Central Electricity Regulatory Commission (CERC) has approved setting up of a third power exchange platform in the country, floated by PTC India along with BSE Investments and ICICI Bank. CERC, however, has asked PTC India to comply with power market regulations before the regulator grants registration. <\/p>\n<p>India has two power exchanges \u2014 Indian Energy Exchange (IEX) and Power Exchange India (PXIL). Power exchange facilitates over-the-counter sale and purchase of power via different types of contracts \u2014 day-ahead, term-ahead, renewable energy certificates, and recently int\u00adroduced real-time electricity market. IEX has a lion\u2019s share of 95 per cent in the day-ahead contracts market. <\/p>\n<p>PTC India Executive Director and Group Chief Risk Officer Rajiv Malhotra said the company was confident of meeting all the required regulations in the stipulated eight weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Electricity Regulatory Commission (CERC) has approved setting up of a third power exchange platform in the country, floated by PTC India along with BSE Investments and ICICI Bank. CERC, however, has asked PTC India to comply with power market regulations before the regulator grants registration. India has two power exchanges \u2014 Indian Energy Exchange (IEX) and Power Exchange India (PXIL). Power exchange facilitates over-the-counter sale and purchase of power via different types of contracts \u2014 day-ahead, term-ahead, renewable energy certificates, and recently int\u00adroduced real-time electricity market. IEX has a lion\u2019s share of 95 per cent in the day-ahead [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-366059","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=366059"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366059\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=366059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=366059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=366059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}