| www.iexindia.
com | July-August '10 | vol 31, issue 001 |
INDIAN ENERGY EXCHANGE
CERC notifies new regulatory framework
for inter-state transmission
CERC has notified regulations on ‘Sharing
of Inter State Transmission Charges and
Losses’. These regulations would
implement point of connection method of
sharing the cost of inter-state transmission
services in India, replacing the present
system of regional postage stamps. Below
are some of the salient features of the
regulation
• These regulations describes the
methodology of computing the point of
connection charges, provide necessary
mechanisms for billing, connection and
other commercial matters.
• Point of Connection tariff takes into account
distance and direction sensitivity in
transmission reference.
• The Point of Connection tariffs are based on
load flow analysis and capture utilization of
each network element by the users.
• The regulations would facilitate solar based
generation by allowing zero transmission
access charge for use of inter-state
transmission system (ISTS) and allocating
no transmission loss to solar based
generation.
• Under the new proposed mechanism all
the users will be default signatories to the
Transmission Service Agreement (TSA),
which also requires these users to pay the
point of connection charge.
CERC notifies Power System
Development Fund Regulations, 2010.
CERC has notified vide Power System
Development Fund Regulations, 2010 for
creation of “Power System Development
Fund”, which will comprise of
• Congestion charges
• Congestion amount arising from the
difference in the market prices of
different regions as a consequence of
market splitting in power exchanges
• Unscheduled Interchange charges
after final settlement of claims,
• RLDC reactive energy charges etc
For private circulation only
A Managing Committee shall be appointed by the
Commission for the administration of the Fund
Other Important regulations issued by CERC:
• Draft Regulations on Amendment of the Central
Electricity Regulatory Commission (Grant of
Connectivity, Long Term Access and Medium-
term Open Access in inter-State Transmission
and related matters) (Amendment) Regulations,
2010.
• Grant of Regulatory Approval for execution of
Inter-State Transmission Scheme to Central
Transmission Utility Regulations, 2010
CERC issues order on detailed procedure under
REC mechanism and notifies REC Forbearance
and Floor Price
The detailed procedure under REC mechanism has
been approved by CERC.
CERC has also issued order on Forbearance and
Floor Price for the REC framework. Below are the
floor and forbearance price of RECs
Floor Price Forbearance Price
Solar RECs 12,000/REC 17,000/REC
Non-Solar RECs 1,500/REC 3,900/REC
1 REC = 1MWh
Union Cabinet approves NMEEE with budgetary
support of ` 235 crs
The Union Cabinet has approved the
implementation plan of the National Mission for
Enhanced Energy Efficiency (NMEEE) with a
budgetary support of 235 crs. Initiatives proposed
under the mission are expected to avoid capacity
addition of about 19,598 MW, generate fuel savings
of around 23 million tonne of oil equivalent and
reduce green house gas emissions by 98.55 million
tonne. The ‘perform, achieve, trade’ (PAT) scheme, a
market based mechanism to enhance energy
efficiency in large, energy-intensive industries and
facilities, is also a part of the NMEEE.
PFC extended pre-qualification bid deadline for
Bedabahal UMPP in Orissa
Power Finance Corporation (PFC) has extended the
pre-qualification bid deadline for the Bedabahal ultra
mega power project in Orissa by two months. The
decision was taken as the captive coal block
IEX Bulletin, July & August '10
associated with the project came in the ‘no-go’ mining areas.
PFC had invited requests for qualifications for the project, for
which the submission deadline was July 30, 2010.
Commissioning of Plants
• NTPC has commissioned a 490 MW unit of 2x490 MW
Stage-II of Dadri thermal power project in Uttar Pradesh
for the upcoming Commonwealth Games. The first 490-
MW Unit of the same power project was commissioned
earlier by BHEL. Power generated from the Dadri Stage-II
would be supplied to Delhi (90 per cent) and Uttar Pradesh
(10 per cent).
• Reliance Power (R-Power) has commissioned the second
unit of the 300-MW capacity of its 1,200 MW Rosa power
project located at Shahjahanpur in Uttar Pradesh. The first
300-MW unit was commissioned in December 2009. The
commissioning of the second unit marks the completion of
stage-I, the entire power of which will be supplied to UP
Power Corporation Limited, for which a power purchase
agreement was signed in 2006.
• Allain Duhangan Hydro Project Limited (ADHPL), the
subsidiary company of Malana Power Company Limited,
has commissioned the first phase of 96 MW of the 192-MW
Allain Duhangan hydro power project at Manali in
Himachal Pradesh. ADHPL is the joint venture company
between Bhilwara Energy Limited and Norway’s SN
Power. The project also includes construction of a 175-km
long high voltage transmission line for power transmission
to the national grid connection point located at Nalagarh in
Himachal Pradesh.
• NHPC Limited has commissioned all three 40 MW units of
the 120 MW Sewa-II hydropower project in Jammu and
Kashmir. The beneficiary states/Union Territories of the
project include Jammu and Kashmir, Punjab, Haryana,
Uttar Pradesh, Uttarakhand, Delhi, Rajasthan and
Chandigarh.
• Sterlite Energy Limited has commissioned the first unit of
600 MW of its 2,400 MW power plant at Jharsuguda.
Power generated will be supplied to Orissa.
Hungarian Power Exchange launched
HUPX has launched the Hungarian day ahead power market
in partnership with EPEX Spot and European Commodity
Clearing AG (ECC). The total volume exchanged first day on
HUPX was 2,278 MWh, with a base load price of 47.80
EUR/MWh (€ 3.10 /kWh)
The HUPX is owned by Hungarian grid operator Mavir, and
uses a trading platform developed by French-German spot
market operator Epex Spot, whereas ECC offers clearing
services.
Bangladesh signs landmark power deal with India
Bangladesh has signed a landmark 35-year power
transmission deal with India paving ways for import of import
250 MW electricity from the neighbouring country starting
from 2012 end. The state-run Bangladesh Power
Development Board (BPDB) inked the bulk power
transmission treaty with Power Grid Corporation of India Ltd
(PGCIL). Under the agreement PGCIL will invest and
construct 80 kilometer transmission line and own, operate and
maintain it.
Indian side will also include a 400 KV switching station at
Baharampur, loop-in and loop-out of Farakka-Jeerat 400 KV
single circuit line and a 400 KV double circuit line from
Baharampur of India running up to Bheramara in Bangladesh.
On Bangladesh side, the state-run Power Grid Company of
Bangladesh floated a tender in April to set up a 40 km
transmission line in Bheramara with a high voltage sub-station
at a cost of USD 150 million to be funded by the Asian
Development Bank (ADB).
MNRE releases guidelines for solar power projects to
meet target set under JNNSM
The Ministry of New and Renewable Energy (MNRE) has
released guidelines for off-grid or decentralised solar projects
and rooftop and other small solar power projects for meeting
the targets set under the Jawaharlal Nehru National Solar
Mission that was launched in January 2010. As per these,
MNRE will provide financial support through a combination of
a 30 per cent subsidy and/or a five per cent interest bearing
loans for such projects. The scheme will cover off-grid solar
photovoltaic systems up to a maximum capacity of 100 kW per
site. For mini-grids for rural electrification, applications up to a
maximum capacity of 250 kW per site will be supported. A
capital subsidy of 90 per cent of the benchmark cost will be
available for special category states as well.
KPCL inaugurates 3 MW solar PV plant
Karnataka Power Corporation Limited (KPCL) has
inaugurated a 3 MW solar photovoltaic power plant at
Yalesandra village in Kolar district in the state. The plant is
based on the modular crystalline technology and has been set
up at a cost of 59.5 crs. The plant’s annual generation is
expected to be 4 MUs. Besides the Kolar plant, KPCL has
another 3 MW operational solar photovoltaic plant in Belgaum
district and a 3 MW plant in Raichur district.
16 project developers qualified for migration to
Jawaharlal Nehru National Solar Mission
NTPC Vidyut Vyapar Nigam (NVVN), which is the the nodal
agency to purchase solar power generated by independent
solar power producers signed MoU with 16 Project developers
to set up to 84 MW capacity solar power projects. Under
migration, 54 MW capacity will be through solar PV and
balance 30 MW through solar thermal technology. These
projects are expected to be commissioned by middle of next
year.
 IEX Bulletin, July & August '10

Designation of State Nodal Agency for purchase of

renewable energy
for the Month of June & July, 2010
• Gujarat Electricity Regulatory Commission has
designated Gujarat Energy Development Agency (GEDA) June ,10 July’10
as State Agency for accreditation and recommending the Total Purchase Bids received (MUs) 1,184 1,358
renewable energy projects for registration and to
Total Sell Bids received (MUs) 1,265 1,321
undertake functions under the Procurement of Energy
from Renewable Sources Regulation. Total Unconstrained Market Cleared Volume (MUs) 769 893
Total Constrained Market Cleared Volume (MUs) 748 888
• Himachal Pradesh Electricity Regulatory Commission
designated the Directorate of Energy as the State Maximum Price (Rs/kWh) 5.25 7.10
Designated for accreditation of the renewable generating Minimum Price (Rs/kWh) 1.88 2.00
projects. Maximum Unconstrained Volume in a day (MUs) 38.73 45.19
• Rajasthan Electricity Regulatory Commission has Cumulative Market Clearing Volume (MUs) 1,903 2,791
assigned the responsibility of accreditation and (April’10 onwards)
recommendation of renewable energy generating projects
for registration to Rajasthan Renewable Energy
Corporation. IEX indices for the months of June & July, 2010
• Maharashtra Electricity Regulatory Commission has IEX Indices MCP Volume
designated Maharashtra Energy Development Agency to (Rs/kWh) (in MW)
undertake the functions of State Agency envisaged under June’10 Jul’10 June’10 Jul’10
MERC Renewable Purchase Obligation Regulations,
2010. RTC (00 - 24 hrs) 3.44 3.46 1,068 1,201
Peak hr Avg (18 - 23 hrs) 3.67 4.11 1,021 1,014
Non-Peak hr Avg(1-17& 24 hrs) 3.36 3.25 1,084 1,263
IEX participated in India Power Conference. Day Off Peak Avg(11 - 17 hrs) 3.56 3.57 912 1,116
IEX participated in India Power Conference organized by Night Off Peak Avg(00 – 06,24 hrs) 3.40 3.08 1,179 1,370
Infraline Energy & M-Junction services Ltd on 2nd July’ 10 in Morning Peak( 7 - 11 hrs) 3.00 3.08 1,169 1,313
New Delhi. Mr. Bikram Singh, AVP (Business Development),
** All figures are simple average for the month.
IEX delivered the presentation on “IEX: A New marketplace”.

IEX participated in Maharashtra State Summit

IEX participated in Maharashtra State Summit organized by
DNA and ZEE Group and supported by Government of
Maharashtra, on 10th July’10, in Mumbai. Mr. Jayant Deo, MD
& CEO, IEX participated as a panelist in the session “Power:
Ensuring Adequate Supply with Reasonable Rates”. He
shared Indian Power trading experience with special
emphasis on Maharashtra

IEX participated in 7th annual conference on “Managing

Cost of Energy”.
IEX participated in 7th annual conference on “Managing Cost
of Energy” organized by India infrastructure from 19th-20th
July’ 10 in New Delhi. Mr. Rajesh K. Mediratta, VP (Business
Development), IEX delivered the presentation on “Power
Market: Challenges and Opportunities”. He highlighted the
opportunity provided by exchange to generators and
consumers.

IEX participated in Future Energy India Summit

IEX participated in one day summit focusing on “Power
Generation – Hurdles in Capacity Addition” organized by
Future Energy India on 29th July’ 10 in New Delhi. Mr. Jayant
Deo, MD & CEO, IEX participated as panelist and highlighted
the opportunities and challenges in capacity addition in Indian
Power Sector. He also shared how electricity exchange are
acting as a catalyst for capacity addition.
IEX Bulletin, July & August '10

Hourly Price & Volume detail for the month of June’ 2010
Average Volume (MUs) Daily Average price ( /kWh)

ACP-North ACP- ACP-

Hour Unconstrained Constrained MCP ACP-North ACP East ACP-West
East South 1 South 2

1 1.12 1.01 3.53 3.56 3.27 3.27 3.27 3.27 3.27

2 1.19 1.08 3.36 3.40 3.13 3.13 3.13 3.13 3.13

3 1.17 1.05 3.27 3.32 3.03 3.03 3.03 3.03 3.03

4 1.21 1.12 3.08 3.22 2.89 2.89 2.89 2.89 2.89

5 1.29 1.24 3.22 3.31 3.09 3.09 3.09 3.09 3.09

6 1.35 1.29 3.44 3.50 3.30 3.30 3.30 3.30 3.30

7 1.34 1.29 2.99 3.08 2.85 2.85 2.85 2.85 2.85

8 1.27 1.26 2.83 2.93 2.76 2.76 2.76 2.76 2.76

9 1.18 1.17 2.95 2.98 2.90 2.90 2.90 2.90 2.90

10 1.09 1.09 2.97 3.04 2.91 2.91 2.91 2.91 2.91

11 0.97 0.97 3.26 3.28 3.20 3.20 3.20 3.20 3.20

12 1.01 1.01 3.65 3.65 3.63 3.63 3.63 3.64 3.64

13 0.97 0.97 3.69 3.70 3.69 3.69 3.69 3.69 3.69

14 0.95 0.96 3.73 3.75 3.71 3.71 3.71 3.71 3.71

15 0.87 0.87 3.70 3.70 3.69 3.69 3.69 3.69 3.69

16 0.80 0.80 3.65 3.65 3.65 3.65 3.65 3.65 3.65

17 0.82 0.82 3.24 3.25 3.22 3.22 3.22 3.22 3.22

18 0.79 0.79 3.03 3.04 3.03 3.03 3.03 3.03 3.03

19 0.91 0.92 2.69 2.72 2.72 2.72 2.72 2.72 2.72

20 1.16 1.16 4.37 4.37 4.37 4.37 4.37 4.37 4.37

21 1.08 1.07 4.33 4.33 4.33 4.33 4.33 4.33 4.33

22 1.07 1.07 3.97 4.01 4.01 4.01 4.01 4.01 4.01

23 1.10 1.10 3.64 3.64 3.64 3.64 3.64 3.64 3.64

24 0.92 0.86 3.89 3.89 3.65 3.65 3.65 3.65 3.65

IEX Trading Data for the month of June’10

Total Volume in June' 10 ( MUs) 748
West, East, West,
Average * Prices in ( /kWh) North ( /kWh)
North East & South ( /kWh)
RTC (0-24 hr) 4.56 4.62
Peak (18-23 hr) 4.97 4.97
Non Peak (1-17 & 24 hr) 4.42 4.50
Day (11-17 hr) 5.05 5.08
Night (1-6 & 24 hr) 4.24 4.25
Morning (7-11 hr) 3.76 4.01
* Simple Average of Area Clearing Prices for specified block of hours.
 IEX Bulletin, July & August '10

Hourly Price & Volume detail for the month of July’ 2010
Average Volume (MUs) Daily Average price ( /kWh)

ACP-North ACP- ACP-

Hour Unconstrained Constrained MCP ACP-North ACP East ACP-West
East South 1 South 2

1 1.39 1.36 3.14 3.17 3.04 3.03 3.04 3.04 3.04

2 1.43 1.39 3.07 3.11 2.98 2.97 2.98 2.98 2.98

3 1.40 1.36 3.00 3.02 2.93 2.93 2.93 2.93 2.93

4 1.38 1.36 2.85 2.90 2.81 2.80 2.81 2.81 2.81

5 1.38 1.36 2.89 2.93 2.86 2.83 2.86 2.86 2.86

6 1.46 1.44 2.99 3.00 2.92 2.92 2.92 2.92 2.92

7 1.31 1.31 2.79 2.80 2.79 2.78 2.79 2.79 2.79

8 1.43 1.42 2.91 2.91 2.91 2.91 2.91 2.91 2.91

9 1.32 1.32 3.06 3.06 3.06 3.06 3.06 3.06 3.06

10 1.27 1.27 3.15 3.15 3.15 3.15 3.15 3.15 3.15

11 1.23 1.23 3.51 3.51 3.51 3.51 3.51 3.51 3.51

12 1.21 1.21 3.52 3.52 3.52 3.52 3.52 3.52 3.52

13 1.16 1.16 3.51 3.51 3.51 3.51 3.51 3.51 3.51

14 1.11 1.11 3.50 3.50 3.50 3.50 3.50 3.50 3.50

15 1.04 1.04 3.72 3.72 3.72 3.72 3.72 3.72 3.72

16 1.03 1.03 3.74 3.74 3.74 3.74 3.74 3.74 3.74

17 1.03 1.03 3.45 3.45 3.45 3.45 3.45 3.45 3.45

18 1.04 1.04 3.13 3.13 3.13 3.13 3.13 3.13 3.13

19 0.96 0.96 3.23 3.23 3.23 3.23 3.23 3.23 3.23

20 1.00 1.00 4.61 4.60 4.60 4.60 4.60 4.63 4.63

21 0.97 0.97 4.72 4.72 4.72 4.72 4.72 4.73 4.73

22 0.99 0.99 4.63 4.63 4.63 4.63 4.63 4.63 4.63

23 1.12 1.12 4.35 4.35 4.35 4.35 4.35 4.35 4.35

24 1.16 1.16 3.62 3.62 3.62 3.62 3.62 3.62 3.62

IEX Trading Data for the month of July’10

Total Volume in July' 10 ( MUs) 888
East, North East North South West
Average Prices
( /kWh) ( /kWh) ( /kwh) ( /kwh)
RTC (0-24 hr) 3.45 3.47 3.45 3.44
Peak (18-23 hr) 4.11 4.11 4.12 4.11
Non Peak (1-17 & 24 hr) 3.22 3.25 3.22 3.22
Day (11-17 hr) 3.56 3.56 3.56 3.56
Night (1-6 & 24 hr) 3.02 3.10 3.02 3.01
Morning (7-11 hr) 3.08 3.09 3.09 3.08

* Simple Average of Area Clearing Prices for specified block of hours.

IEX Bulletin, July & August '10

Soon to launch
Renewable Energy Certificates
For detail email : iex-bd@iexindia.com

“Its pleasure to get the IEX Bulletin .Thanks for the same. It updates us in all horizons of Power market
scenario.

Kind Regards,

Mahesh k mandwarya
Head-Electricals
Jubilant Infrastructure limited,Bharuch

Dear Readers,
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07-08/10

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This bulletin has been compiled by Indian Energy Exchange Limited for circulation among direct stakeholders in the energy market of India.
Though the contents of this bulletin are correct to the best of our knowledge
at the time of printing, IEX does not vouch for their accuracy.

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