Indian Energy Exchange (IEX), in a release, said that it expects a positive impact of the new CERC regulations on ISTS charges, which took effect from October 1, 2023.
IEX said that in accordance with the CERC notification dated August 3, 2023, the General Network Access (GNA) regulation, Indian Electricity Grid Code (IEGC) regulations, and Transmission Charges Sharing regulations have been implemented, starting from October 1, 2023.
This notification will positively impact trading volumes in the Day-Ahead Market (DAM) on IEX since sellers will not be required to pay interstate transmission system (ISTS) charges.
It may be recalled that Central Electricity Regulatory Commission (Connectivity and General Network Access to the Inter-State Transmission System) Regulations, 2022 (commonly referred to as GNA Regulations) was published on July 19, 2022. Some provisions of the GNA Regulations came into effect on October 15, 2022.
On April 6, 2023, the first amendment to the GNA Regulations was published. Certain provisions of the amended regulations and some provisions of the original GNA Regulations came into retrospective effect from April 5, 2023.
All the remaining provisions of the original as well as amended regulations came into effect from October 1, 2023. (This included the waiver of ISTS charges discussed above.)
Also read: IEX Electricity Volumes Grow 21 Per Cent In August 2023
Trading Volume
Meanwhile, IEX achieved 9147 MU of overall volume in September 2023. This was inclusive of green market trade of 230 MU, REC trading of 515 MU and 106 MU worth of trading in ESCerts. The overall volume traded during the month increased 13 per cent on year-on-year basis, IEX said. (See table above)
For the second quarter of the fiscal year 2023, IEX achieved 26,533 MU resulting in 15 per cent year-on-year growth across market segments.
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