CERC extends price cap on power exchanges till September 30

The Central Electricity Regulatory Commission (CERC) has issued directions to the power exchanges to extend the validity of the price cap of Rs 12 per unit in all market segments of the power exchanges by three months, till September 30, 2022. In May 2022, the CERC directed the po­wer exchanges to redesign their software in such a way that members can quote prices in the range of Re 0-Rs 12 per kWh in the day-ahead ma­­r­ket (DAM), including green DAM, real-time market, intra-day, day-ahead contingency and term-ahead market (TAM), including green TAM contracts. The said order was applicable till June 30, 2022.