slide1
Download
Skip this Video
Download Presentation
S UMMARY of N VVN’S VIEWS & SUGGESTIONS on C ERC STAFF PAPER ON DEVELOPING A COMMON PLATFORM FOR ELECTRICITY TRADING

Loading in 2 Seconds...

play fullscreen
1 / 29

SUMMARY of NVVN S VIEWS SUGGESTIONS on CERC STAFF PAPER ON DEVELOPING A COMMON PLATFORM FOR ELECTRICITY TRADING - PowerPoint PPT Presentation


  • 183 Views
  • Uploaded on

S UMMARY of N VVN’S VIEWS & SUGGESTIONS on C ERC STAFF PAPER ON DEVELOPING A COMMON PLATFORM FOR ELECTRICITY TRADING. National PX v/s Many (Region Level) Exchanges. Assignment of Transmission Capacity to Day-Ahead Trading Through PX. Bids Based On Marginal Costs. Price Mitigation.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'SUMMARY of NVVN S VIEWS SUGGESTIONS on CERC STAFF PAPER ON DEVELOPING A COMMON PLATFORM FOR ELECTRICITY TRADING' - oswald


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide1

SUMMARYofNVVN’S VIEWS & SUGGESTIONSonCERC STAFF PAPER ON DEVELOPING A COMMON PLATFORM FOR ELECTRICITY TRADING

an initiative for selection of px model for india
An initiative forSelection of PX Model for India
  • Analysis of Indian Electricity Trading Market
  • Study of International Electricity markets
  • Consultations with MoP, CEA, PGCIL and PTC
  • Development of DPR for PX in India

Consultants:

Consortium of M/s NordPool Consulting AS, Norway and M/s CRISIL, India

preparatory work done
Preparatory Work Done
  • A professionally prepared DPR
  • Consultations with other stakeholders during preparation of DPR
    • Core Team
    • Workshop for stakeholders
  • Full implementation plan available
    • Hardware & software issues
    • Procurement, Training & Implementation
    • Model Agreements
    • Business Case
our proposal
Our Proposal
  • Power Exchange may be promoted as a separate company by key players in power sectors and gradually provided with more diversified ownership and governance structure. CERC Staff Paper on PX also recommends a diversified ownership. It is common to find examples of PX promoted by the stakeholders in European Markets.
  • Development of Power Exchange for physical delivery market is complex due to nature of electricity. Therefore, the design of the product, trade system and operational procedures require a thorough understanding of generation, transmission, consumption and trading of electricity as well as system operation.
our proposal27
Our Proposal
  • The focus of PX is market development. In India, the trading market is small and limited to tradable short-term surplus. Therefore support and participation by market players is crucial for market development.
  • CPSUs under the MoP are respective market leaders, possess significant domain knowledge, technical & managerial expertise and financial strength. They also have an experienced pool of necessary manpower to support the creation and operation of PX. Further, the Government Companies playing a leading role in the development of PX shall provide significant comfort to the market participants with regard to neutrality and transparency.
our proposal28
Our Proposal
  • Accordingly, the following may be considered for establishing the Power Exchange:
  • Power Exchange shall be promoted as a separate company under the Companies Act with CPSUs under MoP as the initial promoters, who shall contribute Initial 50% of the authorized capital in equal proportion. (Authorized capital shall be of the order of Rs. 50 crores.)
  • Balance 50% of the authorized capital shall be issued subsequently to State power utilities, FIs, Banks, Traders etc.
  • Shareholding by an individual entity may be limited to 25% of the paid-up capital.
  • The Company shall have Shareholders’ representatives and also the nominee of CERC/ Government in suitable proportion on its Board of Directors.
ad