Power Exchange India : Power Exchange Online Bidding System

Power utilities can bid for surplus power generated through this unique online bidding system

Monday, June 01, 2009

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There is a lot of untapped power from the Captive Power Producers (CPP) and Independent Power Producers (IPP). This capacity can be tapped to meet the power shortage in India. There was a need to grow this market by providing a platform to all market participants including State Electricity Boards (SEBs) to toy with the idea of buying available power through a transparent price discovery mechanism to meet their demands. Also there is a huge demand/supply gap mismatch at geographical level, requiring a market where surpluses can be disposed off efficiently on a real-time basis to optimize resource allocation on short-term basis. Central Electricity Regulatory Commission, being the power markets' regulator, initiated reforms by introducing 'Open Access', where utilities (generation, transmission or distribution companies were given permission to utilize the available capacities of a power transmission, distribution system or associated facilities in the country. As a result power exchange platform was conceptualized to allow power trading. The company claims that the platform has helped the common man in getting power to light up millions of homes in India. Power Exchange was developed in house to meet the Indian power market requirements, with support from a group company NSE.IT in less than 6 months.