The report of the group on Development of Electricity Market in India 2023, which was headed by former secretary for power Alok Kumar, also stated that market coupling ensures bids and offers are combined to discover a single uniform market clearing price for a zone/bidding area
Nepal and Bhutan have traded 4.41 billion units of electricity in the Indian Energy Exchange (IEX) ever since India s Cross Border Electricity Trade (CBET) rules were notified in 2021.
The Government has taken several steps to increase the domestic production of Coal and reduce the import of coal. The focus of the Government is on increasing the domestic production of coal and to eliminate non-essential import of coal in the countr
The move is a step towards the government s intention to shift India s electricity trading from long-term (25 years) power purchase agreements (PPAs) to electricity markets (exchanges) and shorter PPAs of up to 12-15 years. It also means the government has revived its plan to introduce Market-Based Economic Dispatch (MBED) mechanism in India.
The government wants to increase the share of the electricity market in India, senior officials told Moneycontrol. in 2022-23, the total traded volume in the Indian electricity market was 1,02,276 million units (MU), which is only a small portion of the energy generated from all sources (including RE) of 16,24,465 MU.