Real-Time Power Trade
India’s two main power exchanges started real-time electricity trading, a bid to allow buyers greater flexibility in balancing supply and demand. Auctions will be conducted every 30 minutes and deliveries will be made within an hour of the session end, Indian Energy Exchange Ltd., the country’s largest power trading platform, said. Power Exchange India Ltd., IEX’s smaller rival, also started real-time trading from Monday, it also said. The shorter delivery schedules are designed to help state distribution utilities manage unexpected changes to demand, which can result in penalties from grid operators under the existing system known as the deviation settlement mechanism. Greater flexibility may also allow easier adoption of intermittent wind and solar power.
Tags : ALLIED Electricity India energy Solar power Power Trade