Indian Energy Exchange commences trade on high price day ahead market

Indian Energy Exchange on Friday said it has commenced trade in the High Price Day Ahead Market segment to provide a new avenue of high variable cost electricity generators like imported coal and gas-based projects.

"IEX, India's premier energy exchange, today announced the commencement of trade in the High Price Day Ahead Market (HP-DAM) segment," an IEX statement said.

The Central Electricity Regulatory Commission (CERC) in its order dated February 16, 2023, approved the introduction of HP-DAM in the Integrated Day Ahead Market segment in the power exchange.

This will provide a new avenue to the high variable cost generators which may not have been able to participate in DAM due to the existing price ceiling of Rs 12/kWh or unit, it explained.

The HP-DAM segment was launched by Union Power Minister RK Singh during a webinar held on March 9, 2023.

Speaking at the launch of HP-DAM, the minister said that it is a step towards reforming the evolving power market by meeting the curre