Short-term traded electricity in India reach 9%

Out of the total 67079.74 million units of energy generated in India, excluding generation from renewable sources and captive power plants, a total of 6183.94 MU, or 9.22%, were transacted in the short-term.

This is according to a report prepared by the Market Monitoring Cell of the Central Electricity Regulatory Commission for the month of December 2010

Such transactions consist of 2802.59 MU through bilateral mechanisms-- that is through licensed traders, term-ahead contracts on power exchanges and directly between the distribution companies-- 2121.38 MU through unscheduled interchange and 1259.97 MU through day ahead collective transactions on the two power exchanges, namely Indian Energy Exchange and Power Exchange India Limited.

Both the exchanges faced congestion during the month. 1.7% of actual volume of electricity transacted in IEX and 18% of the transaction volume in PXIL could not be cleared due to congestion during the month.

In IEX, congestion occurred about 34.14 per cent of the hourly time blocks, whereas PXIL experienced congestion in 38.71 per cent of the hourly time blocks.

Significantly, during the month, 18 regional entities were involved in the sale of electricity through various short-term transactions, while a total of 21 entities made short-term purchases of power.

The top five sellers of short-term electricity during the month were Chhattisgarh with 661.99 MUs, West Bengal with 556.51 MUs, Jindal Power with 522.03 MUs, Gujarat with 498.54 MUs and Delhiwith (284.24 MUs, while the top five purchasing entities were Tamil Nadu with 1,020 MUs, Rajasthan with 598.44 MUs, Haryana with 453.81 MUs, Madhya Pradesh with 446.65 MUs and Uttarakhand with 249.48 MUs.

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