Energy Sector News – 20th Jul 2020
Power & Coal
Indian power regulator proposes uniform price discovery through pooling of bids
Wind energy in Brazil reached 14.71 GW, with 583 wind farms and more than 7 thousand wind
turbines in 12 states
SOLAR ENERGY AND BATTERY STORAGE MARKET GROWTH, RESTRAIN FACTORS ANALYSIS 2020-
2024
Global Hydro Turbines Market Growth, Size, Analysis, Outlook by 2020 – Trends, Opportunities and
Forecast to 2025
Renewable Energy-Rich States In India Draw Up Power Export Policies
Indian power regulator proposes uniform price discovery through pooling of bids
NEW DELHI: Indian power regulator has proposed uniform price discovery through pooling of bids
across power exchanges for optimal utilisation of transmission system besides stringent rules for
electricity markets, including keeping a check on transaction fee of bourses.
The industry, however, said stringent regulations and unnecessary interventions by regulatory
commisson will impede deepening of electricity market in the country, which has just begun to
evolve. It said regulator’s interventions pose questions on free-trade concept.
The Central Electricity Regulatory Commission (CERC) on Saturday issued elaborate draft power
market regulations 2020, which provide for a new concept called ‘Market Coupling’, meaning a
process of collecting bids from all the power exchanges and matching them to discover a uniform
market clearing price. The job will be carried on by a ‘Market Coupling Operator’, an entity to be
notified by the regulator.
“This is just an enabling provision for
optimal utilisation of transmission
corridors and the surplus capacity.
Market coupling is prevalent in
Europe,” said a person in know of
the development.
The draft, supposedly lengthiest of
all CERC regulations, has also
proposed to allow long-term future
contracts on power exchanges by
doing away with the current 11 days
restriction.
The regulator has also sought to
keep in check the quantum of
transaction fee charged by power
exchanges. “No power exchange
shall charge transaction fee
exceeding such fee as approved by
the commission,” the draft said.
Operational power exchanges will be
required to obtain approval of the
transaction fee within three months
of notification of these regulations, it
said.
“As things are evolving, depth of
markets is increasing,” said the
person quoted above. “The RTM markets have picked up very fast and the markets will see addition
of new products soon. The draft was under deliberation since long and has been brought out timely
for all checks and balance. The role of regulator becomes all the more important when the markets
become deep. The draft has enabling provisions covering everything for balancing the interests of
public at large.”
The regulations come in the backdrop of the power ministry’s order 10 days ago allowing electricity
to be traded as other commodities with forward contracts and derivatives on exchanges.
The order settled decadelong jurisdictional spat between CERC and the Securities & Exchange Board
of India (Sebi). Now, deliverybased long-term contracts are likely to be traded on power exchanges
under CERC’s jurisdiction, while the derivative contracts are likely to be traded on commodity
exchanges under Sebi. The order has asked both regulators to take appropriate measures for
introduction of the futures contracts.
Besides, India proposes to move to global practice of selling entire power generation through spot
market to lower tariffs by promoting efficient plants and withstand periodical aberrations that
benefit a few corporates, under a concept called market-based economic dispatch of electricity.
The latest draft has also provided for enhanced powers of the regulators to check malpractices in
electricity trading. The commission has invited comments on the draft by August 7 and has
scheduled a virtual public hearing on that day.
The first power market regulations were issued in January 2010, after which two amendments have
been made through gazette notifications.
Wind energy in Brazil reached 14.71 GW, with 583 wind farms and more than 7 thousand wind
turbines in 12 states
Ceará ended 2018 with 2,050.5 MW of installed wind power capacity, in 80 wind farms. The State
has the third largest installed capacity in the country, behind Bahía, with 3,572.5 MW and Río
Grande do Norte, with 4,043.1 MW. The data was published by the Brazilian Association of Wind
Energy (Abeeólica)
In Brazil, the installed power of wind energy reached 14.71 GW, with 583 wind farms and more than
7 thousand wind turbines in 12 states. The wind generation produced from January to November
was enough to supply 23 million homes in one month.
In addition to the 14.71 GW of installed capacity, there are another 4.33 GW already contracted in
construction or project. According to the Association, at the end of 2024, there will be at least 19.04
GW, considering only contracts already made at auctions and with published free-market grants and
contracts signed so far.
The share of wind energy within the Brazilian energy matrix is ??9%, being the third most
representative source. The second is biomass (9.1%) and the first is hydroelectric, with 60.4%.
SOLAR ENERGY AND BATTERY STORAGE MARKET GROWTH, RESTRAIN FACTORS ANALYSIS 2020-
2024
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Global Hydro Turbines Market Growth, Size, Analysis, Outlook by 2020 – Trends, Opportunities
and Forecast to 2025
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Renewable Energy-Rich States In India Draw Up Power Export Policies
Two large renewable energy-rich states in India have announced plans to export surplus renewable
energy to other states. wind turbinesThe southern Indian states of Andhra Pradesh and Tamil Nadu
have expressed an intent to export solar and wind power to other states. Both are among the leading
renewable energy generating states in the country.
The Andhra Pradesh government has issued a policy to incentivize the development of solar and
wind energy projects and export the resulting power to other states. As a policy, the government
will lease out land to private project developers to set up large-scale power projects. The
government also made it clear that its own power distribution companies shall be under no
obligation to procure any power produced by these states. These companies have often claimed
that they have procured sufficient renewable power and already pay high tariffs for this power. Their
stand has resulted in multiple cases and petitions with various regulatory bodies.
Project developers who plan to invest in setting up solar power equipment manufacturing facilities
will be given preference to set up power generation projects. The government has also announced
some incentives for project developers. According to media reports, Tamil Nadu also announced
plans to export surplus wind power to other states. The state will use a new high-capacity
transmission line to export power to western states.
Tamil Nadu has the highest wind power capacity among all states in India. The state often reports
surplus wind power during the monsoon season. In 2017 we reported that wind power generation
in the state hit a record high of 5 gigawatts, forcing the state to shut down several thermal power
plants. Later that year, the state earned revenue of US$1 million by selling surplus wind power at
power exchanges.Moving forward, other states may also look to implement similar policies to
attract investment in new renewable energy projects and look to export electricity generated from
them to other states.
