Indian Energy Exchange (IEX) has started trade in the High Price Day Ahead Market (HP - DAM) segment. The Central Electricity Regulatory Commission (CERC) in its order dated February 16, 2023, approved the introduction of HP-DAM in the Integrated Day Ahead Market segment in the Power Exchange. This will provide a new avenue to the high variable cost generators who may not have been able to participate in DAM due to the existing price ceiling of Rs12/kWh.
HP-DAM will enable high-cost generators, falling under the category - Gas based Power Plants using imported RLNG and Naphtha; Imported Coal based Power Plant using imported coal; and Battery Energy Storage Systems - to participate in the market. These generators will now be able to sell electricity on IEX platform, with a price range of ‘0’ to Rs 50/unit. This unique segment will bring such capacity on the spot markets in a high-demand scenario.
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.
