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Deep discounts with 1-hour delivery: inside real-time power trading and why it can light up discoms

IEX and PXIL have started real-time trading of power. The new system allows discoms to buy power a lot cheaper, according to their day’s requirement, and just an hour before they need it. They can save up to INR550 crore annually. The new mechanism will also help integrate higher quantum of renewable energy resources into the grid.
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18 Jun 2020 8 Mins Read 1 comments
Workers cleaning live wire connections with a jet spray at Goregaon, Mumbai on February 14, 2009 Getty Images
Workers cleaning live wire connections with a jet spray at Goregaon, Mumbai on February 14, 2009
Like shares, it’s time for electricity to be traded on a tick-by-tick basis every day. Power is now changing hands like a commodity at the country’s two energy exchanges, India Energy Exchange (IEX) and Power Exchange India Limited (PXIL) . The new system allows distribution companies (discoms) and captive users to buy power just an hour before delivery.
of power requirement. The rise of renewable energy and the pressure to provide 24x7 power to consumers has triggered high levels of uncertainty on both supply and demand sides. While it is still early days, but the real-time trading of power can bring savings to the utilities and stability to the grid. (Graphics by Sadhana Saxena)
Like shares, it’s time for electricity to be traded on a tick-by-tick basis every day. Power is now changing hands like a commodity at the country’s two energy exchanges, India Energy Exchange (IEX) and Power Exchange India Limited (PXIL) . The new system allows distribution companies (discoms) and captive users to buy power just an hour before delivery. of power requirement. The rise of renewable energy and the pressure to provide 24x7 power to consumers has triggered high levels of uncertainty on both supply and demand sides. While it is still early days, but the real-time trading of power can bring savings to the utilities and stability to the grid. (Graphics by Sadhana Saxena)

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