What Electricity OTC market

The Indian electricity market will have a new platform that will allow anyone to buy, sell or trade electricity – both conventional (coal, gas hydro) and renewable energy (solar, wind). The over-the-counter Apex regulator Central Electricity Regulatory Commission (CERN) last week issued guidelines for setting up an OTC platform in India, which sector officials said would be the world's first regulated OTC platform. CERN in a `At present, trading licensees exist who can promote the market for the exchange of electricity. However, there is no platform in the OTC market to facilitate direct interaction between buyers and sellers. In our view, there is a need to provide a regulatory framework to promote the OTC market through direct participation of buyers and sellers to Now with the release of registration guidelines, any agency that wants to set up an OTC  `The OTC platform shall provide an electronic platform with the information of the potential buyer and seller of electricity; maintaining a repository of data relating to buyers and sellers and providing such historical data to market participants; and provide such services as advanced data analysis tools to market Currently, the Indian electricity market has long-term power purchase agreements between power producers and power distribution companies, and several short- and medium-term contracts through electricity trading platforms and exchanges. DEEP portal by Ministry of Power provides medium term contracts to DISCO Ms to purchase power from There are two electricity exchanges in India - Indian Energy Exchange (EX) and Power Exchange India Limited (PAIL) which offer a wide range of power contracts for both conventional and renewable electricity. “However, unlike power exchanges, OTC platforms will not have any role in price discovery or power trading, which is a unique function of power exchanges,” said Rohit Bajaj, Senior Vice President and Head-Business Development, Bengaluru-based Reconnect Energy, which was the main petitioner in the case referred to CERN to approve regulations for the OTC platform, said it has the potential to accelerate the clean Vishal Panda, Co-Founder and Director, Reconnect Energy, said,  `The OTC platform will integrate rooftop, intrastate and interstate energy markets in India where energy consumers can meet their sustainability goals as well as efficient and transparent counterparty discovery. Can aim for. ` The company launched its intrastate (within state) OTC platform - clickpower.in 2016.energy transition in the country.EX. Gen cos.participants.platform can apply for the same. In the latest guidelines, CERN has laid down the objectives of the OTC platform. Locate untapped sources of electricity to meet the needs of the consumers.2017 order identified the need for a regulatory framework in India to help electricity consumers buy directly.(OTC) market allows buyers and sellers to directly transact electricity and negotiate prices and contracts. Panda said that the entire energy ecosystem can benefit from these regulations. Re property owners can accelerate their capacity addition plans, traditional Gen cos can make efficient use of their surplus capacity, bulk consumers can reduce the overall cost of energy by combining various sources of energy, including distributed energy resources. Are, and electricity traders can also maximize their trading volume, `Panda said.