Power Exchange India : Power Exchange Online Bidding System

There is a lot of untapped power from the Captive Power Producers (CPP) and

Independent Power Producers (IPP). This capacity can be tapped to meet the power

shortage in India. There was a need to grow this market by providing a platform

to all market participants including State Electricity Boards (SEBs) to toy with

the idea of buying available power through a transparent price discovery

mechanism to meet their demands. Also there is a huge demand/supply gap mismatch

at geographical level, requiring a market where surpluses can be disposed off

efficiently on a real-time basis to optimize resource allocation on short-term

basis. Central Electricity Regulatory Commission, being the power markets'

regulator, initiated reforms by introducing 'Open Access', where utilities

(generation, transmission or distribution companies were given permission to

utilize the available capacities of a power transmission, distribution system or

associated facilities in the country. As a result power exchange platform was

conceptualized to allow power trading. The company claims that the platform has

helped the common man in getting power to light up millions of homes in India.

Power Exchange was developed in house to meet the Indian power market

requirements, with support from a group company NSE.IT in less than 6 months.