Indian Energy Exchange (IEX) states that India's power regulator has accepted a plan to launch a new spot market sector for "expensive" power, with record demand levels anticipated this summer. The largest spot power market in the nation has received authority from the Central
Electricity Regulatory Commission (CERC) to use electricity generated from more expensive sources including imported coal and gas as well as battery storage. The directive states that other low-cost fuel power plants will not be permitted to sell electricity on the new market segment, a decision that is thought to boost the supply of electricity. According to a spokeswoman for IEX, the market sector will launch by mid-March, before high temperatures start to increase power use. According to the order, the power regulator set a cap of 50 rupees ($0.6042) per kilowatt-hour (kWh).
Due to a shortage of customers, the majority of facilities using more expensive fuel run at reduced capacity. Yet, up until last year, states bought energy at a cost of 20 rupees per unit to fulfil the increased demand during the summer and during the time when crops are sown. The ceiling for all spot power market sectors had been cut by the CERC in April 2021 to 12 rupees per unit of electricity.
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