Roadmap outlined by power ministry panel to develop electricity market
POWER & RENEWABLE ENERGY

Roadmap outlined by power ministry panel to develop electricity market

A panel appointed by the Ministry of Power has recommended a plan of action to develop the electricity market in India. The plan includes short, medium, and long-term interventions. The suggested interventions involve setting up a system to ensure that state utilities maintain an adequate supply of electricity, improving the efficiency of the Day-ahead Market, introducing a market-based mechanism for secondary reserves, and implementing 5-minute metering, scheduling, dispatch, and settlement.

The proposed changes also include demand response and aggregation, which could reduce reserve requirements and lower electricity costs, according to a statement released by the Ministry of Power.

To prevent price volatility and track participation, market monitoring and surveillance activities will be strengthened. A regional-level balancing framework for managing deviations will also be implemented, which will reduce deviation penalties for states at the ISTS level and, consequently, lower the reserve requirements.

The Ministry formed a group chaired by S Alok Kumar, Power Secretary, to develop the electricity market in India, with representatives from the Ministry of Power, Ministry of New & Renewable Energy, Central Electricity Authority, Central Electricity Regulatory Commission, Grid Controller of India (Grid-India), and state governments.

The group presented the report to R K Singh, Union Minister of Power and New & Renewable Energy.

The group also proposed solutions to address key issues such as inflexible long-term contracts, leveraging the diversity of a large and synchronous grid, and the need for Resource Adequacy planning in the Centre and States.

Also read:
Torrent Power forms TU14 for power generation and trading
Godrej & Boyce expands its portfolio, secures Rs 20 bn


A panel appointed by the Ministry of Power has recommended a plan of action to develop the electricity market in India. The plan includes short, medium, and long-term interventions. The suggested interventions involve setting up a system to ensure that state utilities maintain an adequate supply of electricity, improving the efficiency of the Day-ahead Market, introducing a market-based mechanism for secondary reserves, and implementing 5-minute metering, scheduling, dispatch, and settlement. The proposed changes also include demand response and aggregation, which could reduce reserve requirements and lower electricity costs, according to a statement released by the Ministry of Power. To prevent price volatility and track participation, market monitoring and surveillance activities will be strengthened. A regional-level balancing framework for managing deviations will also be implemented, which will reduce deviation penalties for states at the ISTS level and, consequently, lower the reserve requirements. The Ministry formed a group chaired by S Alok Kumar, Power Secretary, to develop the electricity market in India, with representatives from the Ministry of Power, Ministry of New & Renewable Energy, Central Electricity Authority, Central Electricity Regulatory Commission, Grid Controller of India (Grid-India), and state governments. The group presented the report to R K Singh, Union Minister of Power and New & Renewable Energy. The group also proposed solutions to address key issues such as inflexible long-term contracts, leveraging the diversity of a large and synchronous grid, and the need for Resource Adequacy planning in the Centre and States. Also read: Torrent Power forms TU14 for power generation and trading Godrej & Boyce expands its portfolio, secures Rs 20 bn

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?