Hindustan Power Exchange gets CERC nod for high price contracts in three key markets

livemint.com:

₹20/kWh as per the Commission’s order dated 31.03.2023 in Petition 4/SM/2023 (Suo-Motu)," it added. With the fresh alternative of HP-TAM, these high price generators can plan for sale of their power to interested beneficiaries under longer term contracts of up to 90 days, the company said.

This would give them an opportunity to secure fuel supply in advance and plan their operations basis the underlying contracts, moving away from the sole dependency on clearance in the DAM segment, it added. “With the CERC nod to introduce High Price contracts on HPX, we have been successful in delivering two new products for the Power Market within a short time-span of just one year of starting our business operations in July last year.

Till date these high-price generators had just one option to sell power, that is through participation in the HP-DAM segment. With these new segments the generators can plan their power sale to interested buyers for up to 90 days, giving HP-generators sufficient clarity to plan their fuel procurement, logistics etc," Naveen Singh, Vice President & Head, Business Development, Hindustan Power Exchange, said.