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Real-time power market to go on floor from 1st April

On the sidelines of the 22nd India Power Forum 2019 held in New Delhi Central Electricity Regulatory Authority Commission (CERC) Chairman P K Pujari stated that real-time power market is expected to kick in from April 1 next year. This will enable the consumers including discoms or captive to buy power at exchanges just one hour before delivery.

Pujari added “it is not that real-time power market will kick in immediately after the finalisation or approval of the regulation by the CERC. In order to bring it, we have to put a system in place. So we have to give time. There is need for a software (trading solution) for that and people need to be educated about that.”