Indian Energy Exchange, in a release, announced that it has integrated its platform with the newly-created National Open Access Registry (NOAR), on May 1, 2022.
IEX said that it has achieved this integration across all its market segments – DAM (day ahead market), G-DAM (green day ahead market), RTM (real time market), TAM (term ahead market) and G-TAM (green term ahead market).
It may be recalled that on March 21, 2022, Central Electricity Regulatory Commission (CERC) had notified the Fifth Amendment to the “Open Access In Inter-State Transmission Regulations” and subsequently it approved the procedure regarding the National Open Access Registry (NOAR)
NOAR is a centralized automated tech based platform for facilitating open access, to be hosted, operated and implemented by POSOCO, effective Sunday, May 1, 2022.
NOAR will facilitate seamless communication, process simplification, greater transparency, elimination of scope of human intervention, thereby unleashing greater efficiency and facilitating the power market development, IEX said.
April 2022 performance
In April 2022, IEX achieved 7,574 MU (million units or million kwh) volume across all the market segments comprising 6,989 MU in the conventional power market, 336 MU in the green power market, and 249 MU in the REC market. The volumes declined 1.7 per cent vis-à-vis April 2021 considering the power supply related constraints which also led to high clearing prices across all the market segments, IEX said.
According to the power demand data published by the National Load Dispatch Center, during April 2022 the energy consumption at 133 BU (billion units or billion kwh) saw a 11 per cent year-on-year growth while the national peak demand at 207.11 GW saw a 13 per cent year-on-year growth.
Also read: IEX Starts Trading In Energy Saving Certificates
Featured photograph (source: Linxon) is for representation only.
