CERC issues order for extended market session on power exchanges

The CERC has issued a suo motu order pertaining to the operation of a 24×7 round-the-clock intra-day/contingency market (extended market session) on power exchanges. In the order, the commission has reviewed the functioning of the round-the-clock market, which was allowed as per its order dated April 8, 2015. The key findings of the commission include a negative growth of 5 per cent in the volume of electricity transacted through intra-day and day-ahead contingency contracts from July 2015 to January 2016 over the corresponding period in the previous year and a relatively low price of electricity transacted through intra-day and day-ahead contingency contracts in the period July 2015 to January 2016.

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