Power Exchange India Limited
Power exchanges clock growth despite pending discom dues worth Rs 1.32 trn
A third player starts operations, pointing to the potential of this nascent business
 "Power exchanges clock growth despite pending discom dues worth Rs 1.32 trn")
Hindustan Power Exchange backed by BSE, PTC to commence operations
The other two exchanges in the country are Indian Energy Exchange (IEX) and Power Exchange of India ltd (PXIL), of which IEX holds a 98 per cent almost monopoly on the total traded power in country
 "Hindustan Power Exchange backed by BSE, PTC to commence operations")
NTPC plans to acquire 5% equity in Power Exchange of India
State-run power giant NTPC is mulling acquiring 5 per cent equity stake in Power Exchange of India Ltd (PXIL) that provides various electricity trading options, a senior official said.
 "NTPC plans to acquire 5% equity in Power Exchange of India")
India's renewables boom set to lift power exchange spot trading
Coal dominates Indian power generation but that is changing, with renewables accounting for more than 80% of new capacity last year, according to BloombergNEF
 "India's renewables boom set to lift power exchange spot trading")
Power Ministry proposes reforms for short-term sale purchase of power
In future, the ministry is also looking at merging the DAMs of all power exchanges into one entity, which will oversee the trading of day-ahead bids for both renewable energy and conventional power
 "Power Ministry proposes reforms for short-term sale purchase of power")
Best of BS Opinion: Coupling of power exchanges, regulatory overkill & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Coupling of power exchanges, regulatory overkill & more")
The case for coupling of power exchanges
A single market-clearing price will not kill competition
Power Exchanges start real-time electricity market with 48 auctions a day
Buyers can purchase electricity just an hour in advance; power generators can sell surplus anytime during the day
 "Power Exchanges start real-time electricity market with 48 auctions a day")
Manikaran Power becomes the first member of India's gas trading platform
Manikaran Power Ltd joins hands with Indian Gas Exchange
 "Manikaran Power becomes the first member of India's gas trading platform")
Power Exchange bets on renewable energy; to focus on revival of REC market
PXIL faced financial crisis in 2017 when its net worth eroded and promoters of NSE and NCDEX wanted to shut it down prior to NSE's proposed initial public offering (IPO)
 "Power Exchange bets on renewable energy; to focus on revival of REC market")
Power Exchange India to re-launch 'day-ahead spot' contract in six weeks
'Day-ahead' is a closed auction in which both buyers and sellers quote their prices daily between 10 a.m. and noon for delivery the next day
 "Power Exchange India to re-launch 'day-ahead spot' contract in six weeks")
NSE drops plans to sell 'loss-making' Power Exchange India Limited
Move comes after finalising buyers, trading still remains low
 "NSE drops plans to sell 'loss-making' Power Exchange India Limited")
