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The draft power market regulations 2020 issued by the central electricity regulatory commission cerc has mooted a concept called market coupling which means a uniform market clearing price for buyers and sellers in all.
Market coupling electricity india. As per cerc s draft power market regulation 2020 the objectives of market coupling is to discover a uniform market clearing price for the day ahead market or real time power exchange of india limited pxil promoted by nse ncdex. Market coupling is therefore a worthy exercise even if the grid development does not keep up and prices between countries continue to differ. The power exchange india limited promoted by nse and ncdex has welcomed the proposed market coupling mechanism in electricity trading on exchanges. A number of changes have been proposed in terms of.
Jan ondrich is a partner in market analysis and advisory firm candole partners. Kolkata aug 18 pti the power exchange india limited pxil promoted by nse and ncdex has welcomed the proposed market coupling mechanism in electricity trading on exchanges. The draft power market regulations 2020 released by the apex power regulator the central electricity regulatory commission proposing market coupling between the power exchanges to discover the. In july 2020 the central electricity regulatory commission cerc introduced draft power market regulations 2020 for comments from stakeholders.
Market coupling is intended to link control areas and market areas in order to harmonize different systems of electricity exchanges and in particular to reduce price differences. The power exchange india limited pxil promoted by nse and ncdex has welcomed the proposed market coupling mechanism in electricity trading on exchanges. Power exchange of india limited pxil promoted by nse ncdex except the proposal of market coupling the mechanism in electricity trading on exchanges. New entrants decrease the market power of incumbents increase market efficiency and ultimately decrease consumer prices.
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.
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