Weekly Power Sector Round up: 30th November 2019

India’s electricity generation capacity reaches 365 GW

India’s installed power generation capacity has reached 364.9 GW. This is enough to meet the total national electric demand. Also, the peak as well as energy requirement deficit was less than 1% for the first seven months of 2019-20.

The deficit was on account of constraints in sub-transmission and distribution networks as well as financial constraints of state DISCOMs to purchase power.

Real-time trading of electricity in India from FY 2020-21: CERC Chairman

The Central Electricity Regulatory Commission (CERC) will allow real-time trading of electricity at the power exchanges beginning April 1, 2020. It is in the process of finalising new regulations for the same.

“We have already taken out the draft regulations for real time markets and are currently in the process of finalizing them. So, most probably from next year by 1st of April, we will get into the real time markets, which will provide a window for the distribution utilities to correct their positions in the real time,” said CERC Chairman, P K Pujari at an industry event.

Real Time Market (RTM) as it is called would be financially and physically binding. Failure to follow the dispatch instruction post RTM will attract charges under Deviation Settlement Mechanism