PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: RNCOS E-Services (P) Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

India - Green Signal to National Power Exchange - CERC has issued its guideline to establish and operate the national power exchange. Private sector has also been given the opportunity to participate in power exchange
India - Green Signal to National Power Exchange

 

NewswireToday - /newswire/ - Delhi, New Delhi, India, 2007/03/22 - CERC has issued its guideline to establish and operate the national power exchange. Private sector has also been given the opportunity to participate in power exchange.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

On February 7, 2007, the CERC (Central Electricity Regulatory Commission) issued its guidelines to establish and manage the national power exchange, a long-awaited venture. The CERC has allowed the operational liberty to power exchange within the realms of overall regulatory structure and has opened the doors of power exchange for private sector also.

"The participation in the power exchange will be voluntary and no existing power purchase agreements and bilateral contracts will be disturbed," said A K Basu, Chairman, CERC in news reported by the Times of India.

The modus operandi of power exchange will basically be like commodity exchange. A power exchange will give a platform to electricity buyers, traders, and sellers to cut the forward and spot deals. Currently, the country’s capacity for inter-regional transfer of power stands at approx 6,000 MW and it is predicted to rise to around 9,500 MW in next few years.

The ongoing work on installing transmission capacity for inter-state large size projects is expected to further give an upward push to the capacity of inter-regional power transfer. The CERC strives to promote the exchange to come out as market-based foundation for extending price risk management and price discovery to traders, distribution licensees, generators, consumers, and many other stakeholders.

As per the guidelines, promoters will have to build up model exchange of their own. They will be given the freedom to build, manage, and operate the exchange in accordance to approved rules, procedures, and by-laws.

Those who have shown their interest in establishing the power exchange are Vidyut Vyapar Nigam Ltd., Power Trading Corp. of India, State-owned National Thermal Power Corp., and National Commodity and Derivatives Exchange Ltd.

Basu informed the CERC was likely to have more than one power exchange by 2007-end.

Presently, India has no such power exchange and power is trade bilaterally at mutually decided rates. According to the RNCOS report “Indian Power Sector (2006)”, the failure of Indian states to put the reforms and regulations into practice has resulted in an air of uncertainty in the Indian power industry.

The market research report focuses on power generation and consumption scenario in all the important Indian states with detailed statistical data on power distribution and transmission. An in-depth analysis of power infrastructure, government initiatives, FDI, overview of ultra mega projects, and role of private sector has also been provided.

About RNCOS

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: RNCOS E-Services (P) Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


India - Green Signal to National Power Exchange

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Shushmul Maheshwari 
+91 12 04224700 press[.]rncos.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any RNCOS E-Services (P) Ltd securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From RNCOS E-Services (P) Ltd / Company Profile


Read Energy Most Recent Related Newswires:

Boost in Genset Manufacturing Activity to Resolve Power Challenges in the Southern African Region Finds Frost & Sullivan
ENGIE to Become Worldwide Leader of Independent District Cooling by Acquiring A 40% Stake in Tabreed from Mubadala
Asia-Pacific Renewable Energy Inverters Market Leverages Favourable Targets and Feed-in Tariffs to Catalyze Growth, finds Frost & Sullivan
GE Introduces Rugged, Resilient Power Supply for Industrial Applications
Energy Technology Developers Focus on Sustainability and Efficiency to Stay Relevant in a Changing Market Finds Frost & Sullivan
Baker Hughes and GE Announce Executive Leadership Team for Baker Hughes, a GE Company
Enel Green Power Acquires Two Wind Farms in Campania from Amec Foster Wheeler
Enel and Rosseti Sign MoU for Cooperation in Innovative Smart Grid Solutions
World’s Largest Floating Photovoltaic Power Plant Test-bed Features ABB Technology
Enel Group Confirmed in Euronext Vigeo Eiris Sustainability Indices for Fifth Straight Year
Invenergy Selects GE Renewable Energy to Provide Cyber Security for Entire Fleet
GNF3 Fuel Product Completes U.S. NRC Approved Process for New Fuel Product Introductions
Surging Demand from Data Centres Energises European Diesel Genset Market Finds Frost & Sullivan
Mexican Ministry of Energy Awards Three Geothermal Exploration Permits - A Key Step Forward for ENGIE and Reykjavik Geothermal
Forestalia Selects GE Renewable Energy to Provide 1,200 MW of Wind Power in the Largest European Auction to Date

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  MagLar, Inc.





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)