CEA supports removal of intraday contracts from power exchanges

12 Nov 2024 CW Team

The Term Ahead Market (TAM) allows for short-term power procurement for delivery periods ranging from T+2 to T+90 days. CEA’s review of this market revealed irregular trading patterns, such as limited transactions and last-minute bids, raising concerns over possible market manipulation. CEA proposes extending the bidding window to curb last-minute activity and suggests limiting trading days for monthly and weekly contracts to improve liquidity.

Additionally, CEA has proposed capping the number of daily contract deliveries to six days per trading session, allowing greater standardization and competition in the market.

The DAC market, which operates from 13:00 to 23:30, faces similar liquidity issues, exacerbated by a long trading window and the ability for participants to submit customised delivery bids. CEA recommends restructuring the DAC into three sessions: 13:00-15:00, 17:00-19:00, and 21:00-23:00, to improve liquidity and cater to late-day contingencies. The CEA also suggests eliminating the non-standard DAC Dynamic product and prioritising national-level bids to address transmission congestion.

The draft order outlines timelines for ADSS contracts but only sets maximum time limits for key stages like the bid-receiving period and IPO auction. CEA recommends introducing minimum time limits for better transparency and competition, as well as restricting the reverse auction to regular business hours.

These recommendations aim to streamline the power trading market, enhance liquidity, and promote competitive bidding, ultimately supporting the growth of a more efficient and transparent power sector. (Mercom)

The Central Electricity Authority (CEA) has endorsed the Central Electricity Regulatory Commission’s (CERC) draft order, which addresses issues related to price discovery, market liquidity, and contract structuring on power exchanges. The draft proposes the removal of intraday contracts due to their low liquidity, as well as the growing popularity of the real-time market as an alternative. CEA believes this move will help consolidate and streamline the fragmented market. The Term Ahead Market (TAM) allows for short-term power procurement for delivery periods ranging from T+2 to T+90 days. CEA’s review of this market revealed irregular trading patterns, such as limited transactions and last-minute bids, raising concerns over possible market manipulation. CEA proposes extending the bidding window to curb last-minute activity and suggests limiting trading days for monthly and weekly contracts to improve liquidity. Additionally, CEA has proposed capping the number of daily contract deliveries to six days per trading session, allowing greater standardization and competition in the market. The DAC market, which operates from 13:00 to 23:30, faces similar liquidity issues, exacerbated by a long trading window and the ability for participants to submit customised delivery bids. CEA recommends restructuring the DAC into three sessions: 13:00-15:00, 17:00-19:00, and 21:00-23:00, to improve liquidity and cater to late-day contingencies. The CEA also suggests eliminating the non-standard DAC Dynamic product and prioritising national-level bids to address transmission congestion. The draft order outlines timelines for ADSS contracts but only sets maximum time limits for key stages like the bid-receiving period and IPO auction. CEA recommends introducing minimum time limits for better transparency and competition, as well as restricting the reverse auction to regular business hours. These recommendations aim to streamline the power trading market, enhance liquidity, and promote competitive bidding, ultimately supporting the growth of a more efficient and transparent power sector. (Mercom)

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Infrastructure Urban

09 Jan 2026

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Infrastructure Urban

09 Jan 2026

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..