Report On Short-Term Power Market In India 2023-24

The report sheds light on the evolving landscape of the country’s power sector, with a detailed exploration of short-term power transactions across various mechanisms. The report, structured into four main sections, covers an overview of the power sector, trends in short-term power markets, cross-border electricity trade, and trading of renewable energy certificates.

National Electricity Plan Volume II – Transmission

The plan outlines the development of the transmission system, including inter-state and intra-state transmission lines and substations. The plan also outlines the roadmap for future transmission system development, considering factors like renewable energy integration, electrification of transportation, and industrial growth.

Government Seeks Public Input on Draft Renewable Energy Procurement Amendments

These draft amendments aim to streamline the procurement process for renewable energy projects by providing greater clarity for developers and procurers. The proposed changes in PPA duration and generator availability are expected to improve project viability and attract more investors. Additionally, enhanced weather monitoring and cybersecurity measures can ensure reliable and secure power generation.

CERC Indian Electricity Grid Code (First Amendment) Regulations, 2024

The regulations set limits on the duration of infirm power injection for different types of generating stations, including renewable energy sources (REGs) and energy storage systems (ESS). They also clarify the timing for the commencement of scheduling for newly commissioned generating stations. Additionally, The regulations provide for compensation to thermal power plants operating below their normative levels.

DERC Invites Comments on Draft Regulations

Delhi Electricity Regulatory Commission (DERC) issued a corrigendum inviting comments, suggestions, and objections on the Draft Delhi Electricity Regulatory Commission (Threshold Limit for the Development of Intra-State Transmission Projects under the Tariff Based Competitive Bidding) Regulations, 2024.