Power Trad­ing

Power Watch India - - CONTENTS -

In Oc­to­ber 2016, the North­ern Re­gion has con­tin­ued to reg­is­ter a de­cline in pur­chase of elec­tric­ity in short term bi­lat­eral mar­ket ex­cept for the Western Re­gion. The sales of elec­tric­ity in the short term bi­lat­eral mar­ket have reg­is­tered an in­cre­ment; the max­i­mum sales have been reg­is­tered in the North­ern Re­gion. Over­all, we can in­fer that the South­ern Re­gion has reg­is­tered a growth of eight per cent in de­mand w.r.t the last month of Septem­ber.

Ta­ble 1: Pro­jec­tion in de­mand for Novem­ber 2016

The Power Ex­change has shown (ref­er­ence Ta­ble 2) an in­crease in the price of about 3.0% in Oc­to­ber 2016 w.r.t Septem­ber 2016. The Mar­ket Clear­ing Price (MCP) for Oc­to­ber 2016 is dis­cov­ered as Rs 2509.36 per MWh. Last year in 2015 the price of elec­tric­ity for Oc­to­ber 2015 was Rs 3026.74 per MWh. This de­cline in price of about 17% is due to a de­cline in de­mand of elec­tric­ity be­cause of the in­crease in Open Ac­cess charges and an in­crease in gen­er­a­tion ca­pac­ity.

In power ex­change the South­ern Re­gion has reg­is­tered high­est in­crease in price of 13% and other re­gions have shown mar­ginal in­creases of 4% ex­cept for the North­ern Re­gion. The price in North­ern Re­gion may drop fur­ther and price in South­ern Re­gion may get sta­bilised in Novem­ber.

The power de­mand for elec­tric­ity in Novem­ber 2016 will not change. In De­cem­ber 2016 all-In­dia de­mand is pro­jected to be 161,969 MW and the all In­dia Peak Met will be 149,176 MW. This shows that the peak de­mand deficit will be 12,793 MW. Hence we can in­fer that the price of elec­tric­ity may in­crease for peak hours as the de­mand may not be ful­filled due to trans­mis­sion con­straints.

Source: In­dian En­ergy Ex­change Ta­ble 2: The change in IEX price for Oc­to­ber w.r.t Septem­ber 2016.

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