© Manikaran Power Limited
POWER BULLETIN Volume 60 | June Edition I
Exchange-based Power Trading
Page 1 Exchange-based Power Trading
Page 2 Area-wise Average Power Trading at IEX Average Daily Frequency
Page 3 Short-term, Open Access Trends
Page 4 Storage Status of Important Reservoirs Summary of REC Trading
Page 5 Power Sector News Updates
Page 6 Regulatory Updates Forecasted High Temperatures in CitiesC
ON
TEN
TS
Year-on-year price comparison of power traded on IEX and PXIL (16 - 31 May)
Pric
e (R
s/M
Wh)
1,000
1,875
2,750
3,625
4,500
16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
IEX 2015 IEX 2014 PXIL 2015 PXIL 2014
Year-on-year volume comparison of power traded on IEX (16 - 31 May)
Vol
ume
(MW
h)
60,000
70,000
80,000
90,000
1,00,000
16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
2015 2014
Year-on-year volume comparison of power traded on PXIL (16 - 31 May)
Vol
ume
(MW
h)
200
775
1,350
1,925
2,500
16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
2015 2014
© Manikaran Power Limited
Freq
uenc
y (H
z)
49.70
49.80
49.90
50.00
50.10
50.20
01/09/14 09/10/14 16/11/14 24/12/14 31/01/15 10/03/15 17/04/15 24/05/15
Area-wise Average Power Trading Data from IEX (16 – 31 May 2015)
Region A1Buy volume: 11,891Sell volume: 36,542
Price: 2,209
Region S2Buy volume: 60,538Sell volume: 2,234
Price: 3,910
Region S1Buy volume: 1,81,788Sell volume: 1,81,318
Price: 3,881
Region E2Buy volume: 2,504
Sell volume: 2,01,605Price: 2,209
Region W2Buy volume: 3,23,122Sell volume: 42,067
Price: 2,209
Region N2Buy volume: 4,09,190Sell volume: 88,234
Price: 2,209
Region N1Buy volume: 1,11,733Sell volume: 5,45,648
Price: 2,209Region N3Buy volume: 1,76,048
Sell volume: —Price: 2,209 Region A2
Buy volume: 5,095Sell volume: 6,209
Price: 2,209
Region W1Buy volume: 30,208Sell volume: 80,996
Price: 2,209
Region E1Buy volume: 1,38,820Sell volume: 79,712
Price: 2,209
Region W3Buy volume: 13,582
Sell volume: 1,99,952Price: 2,209
Average Daily Frequency of Indian Power Grid
Power Bulletin Page 2
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Short Term Open Access
Major Buyers at Exchanges in April 2015 (MUs)
Others 1,049
Uttarakhand 205
Punjab 237
Gujarat 242
Essar Steel 288
Rajasthan 474
Major Sellers at Exchanges in April 2015 (MUs)
Others 1,510
Jindal Steel & Power 130
Karnataka 155
Madhya Pradesh 146
Himachal Pradesh 242
Jindal India Power 311
Power Bulletin Page 3
Approved Bilateral & Collective STOA (million kWh) FY2014-15
Vol
ume
(MU
s)
0
1,625
3,250
4,875
6,500
MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR
Collective Bilateral
Approved Bilateral Short Term Open Access (million kWh)
Month | RLDC JUL ‘14 AUG ‘14 SEP ‘14 OCT ‘14 NOV ‘14 DEC ‘14 JAN ‘15 FEB ‘15 MAR ‘15 APR ‘15
North 2,293 3,030 2,654 899 1,328 1,920 2,116 1,611 1,256 532
West 578 695 496 822 1,033 1,199 844 598 829 748
South 1,061 1,061 962 838 753 997 1,174 1,088 1,088 1,574
East 913 779 789 657 462 473 475 444 507 1,101
North-East
24 24 34 42 70 82 115 137 146 75
TOTAL 4,869 5,589 4,935 3,258 3,646 4,671 4,724 3,878 3,826 4,030
Storage status of important reservoirs (As on 04 June 2015)
Region – No. of reservoirs
Filing position w.r.t. FRL
100% 91-99% 81-90% 71-80% 61-70% 51-60% 41-50% < 40%
North (HP, Punjab, Rajasthan) – 6 – – – 1 – – 1 4
East (Jharkhand, Odisha, Tripura, West Bengal) – 15 – – – – – – 3 12
West (Maharashtra, Gujarat) – 22 – – – 1 – 3 1 22
Central (MP, UP, Uttarakhand, Chhattisgarh) – 12 – – – 1 1 2 – 8
South (Karnataka, TN, AP, Kerala) – 30 – – 1 1 – – – 29
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Summary of REC Trading & MPL share – 27 May 2015
Power Bulletin Page 4
Summary of REC trading on IEX
Vol
ume
0
22,50,000
45,00,000
67,50,000
90,00,000
Buy Bids Sell Bids Cleared Participants
31685,242
14,51,885
30,667 1,0132,92,400
72,81,807
2,92,400
IEX MPL
Summary of REC trading on PXIL
Vol
ume
0
17,50,000
35,00,000
52,50,000
70,00,000
Buy Bids Sell Bids Cleared Participants
6712,5554,30,750
8,918 47,368
56,24,480
47,368
PXIL MPL
MPL Share 31%
MPL Share 29%
Solar REC Clearing Price: Rs 3,500/MWh Non-solar REC Clearing Price: Rs 1,500/MWh
Solar REC Clearing Price: Rs 3,500/MWh Non-solar REC Clearing Price: Rs 1,500/MWh
MPL Share 26%
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Distribution companies launch power-saving measures to meet electricity demand (TNN)Delhi witnesses an annual growth of 15 per cent-20 per cent in power demand in summers and last year it peaked at close to 6,000 MW.
Government rescues Athena hydel project in Sikkim (TNN)Sikkim will raise its stake in the project from 26% to 51% by buying out the Athena group and PTC, which formed the SPV.
Neyveli Lignite Corporation aims 12,221 MW capacity by end of 13th five year plan (PTI)The corporation expects to achieve a lignite mining capacity of 49 million tonnes per annum (MTPA) by that year
India sees lowest plant load factor in 15 years; power capacities operating at 65% (ET)India now has an installed power capacity of 158,000 MW with 30,000 MW more in the pipeline.
Delhi Electricity Regulatory Commission may hike power tariff by 20 per cent over delayed power purchase charges (TNN)While Tata Power Delhi has sought upto 4 per cent in their petitions, the BSES discoms, Rajdhani and Yamuna, cited a higher PPAC demand of 17 per cent-20 per cent
States keep off cheap power as users bleed (TNN)The price falling to Rs 2.56 per unit from Rs 2.82 during this period as daily trade volume rose to 94 MU (million units) -or roughly 3,500MW -in May , up from 74 MU in March.
Power deficit restricted to all-time low of 3.6% in one year: Government (ET)The government said power generation growth was the highest in 20 years at 8.4%, coal production growth was the highest in 23 years at 8.3%, while solar capacity increased by 42%.
Two turbines in 800 MW Kol Dam project stop functioning (PTI)In order to produce electricity, four turbines, each of 200 MW, have been installed in the powerhouse.
Hyderabad court orders attachment of discom assets (ET)The order came on a suit filed by Equipment Conductor & Cable Ltd, which said that the power transmission utility did not clear Rs 1.55 crore of dues
NTPC initiates due diligence of DVC's Ragunathpur thermal plant (ET)DVC had built the units at a debt equity ratio of 70:30 and has been gradually moving towards a debt burden
Delhi High Court postpones hearing on power plant cost capping case (ET)The fixed cost will be indicated in advance to all bidders before the distribution companies invite bids for power supply.
Alstom-Bharat Forge JV commissions power equipment unit in Gujarat (ET)The manufacturing unit, can manufacture 4,000 mw of equipment every year.
Crompton Greaves bags order for smart grid solutions in Portugal (ET)Crompton Greaves has bagged an order in Portugal to supply data concentrator units, a system used in smart grids
BHEL adds 736 MW hydroelectric capacity in 2014-15 (PTI)BHEL also bagged orders for two major hydro projects aggregating 564 MW in 2014-15 and has so far commissioned some 400 hydro generating sets in the country
One- hour power cut in Bhubaneswar, Khurda, Nimapada, Puri from today as CESU announces load shedding (PTI)There would be phase- wise load shedding for 30 minutes each for one hour
CESC to pump in Rs 2,000 crore to strengthen distribution (ET)Company has already invested Rs 3,000 crore in improving our distribution network in the past few years, and would want to invest another Rs 2,000 crore in improving the network
Tata Power reports 2014-15 standalone generation capacity at 11,974 million units (PTI)The company's hydro power stations generated 1,443 MUs, wind farms generated 635 MUs, and solar plants recorded a generation of 4 MU.
Two more power units with capacity of 1,000 MW to be added to Tarapur Atomic Plant (PTI)In 2005, two more plants based on Pressurised Heavy Water Reactor were commissioned with the capacity of 540 MW each.
Power Bulletin Page 5
News Updates
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Tem
pera
ture
(ºC
)
30
35
40
45
50
June 2015
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Delhi LudhianaAmritsar Jaipur
Regulatory Updates
Tem
pera
ture
(ºC
)
25
31
38
44
50
June 2015
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Ahmedabad SuratNagpur Mumbai
Tem
pera
ture
(ºC
)
25
30
35
40
45
June 2015
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Coimbatore BangaloreHyderabad Chennai
Tem
pera
ture
(ºC
)
30
35
40
45
50
June 2015
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Raipur BhopalKolkata Kanpur
Source: AccuWeather
Power Bulletin Page 6
Supreme Court upholds Rajasthan High Court on RPO decision
Supreme Court has upheld the decision of the Rajasthan High Court to make Renewable Purchase Obligation (RPO) mandatory for captive and open access consumers.
A number of obligated entities from Rajasthan had challenged the RPO regulations issued by the Rajasthan Electricity Regulatory Commission (RERC) and had, so far, failed to comply with these regulations.
Coal-based power generation has a majority share in the country’s power generation which generates greenhouse gas emissions. Thus, the RPO regulations issued by RERC are completely justified, the Supreme Court noted.
The Supreme Court further noted that ‘the RE obligation imposed upon captive power plants and open consumers through impugned Regulation cannot in any manner be said to be restrictive or violative of the fundamental rights’ of the petitioners i.e. the open access and captive power users.
Forecasted High Temperatures for Major Cities (01-15 June 2015)
RPO targets for captive & OA consumers with total capacity of 10 MW and above
YearNon-solar
(%)Solar (%) Total (%)
FY2014-15 7.50 1.50 9.00
FY2015-16 8.20 2.00 10.20
FY2016-17 8.90 2.50 11.40
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Disclaimer: This newsletter is a service provided by Manikaran Power Limited’s Knowledge Partner (MPL KP) after it selects articles and data from publicly available sources. MPL KP has taken due care and caution in compilation of articles as has been obtained from various sources including which it considers reliable and first hand. However, MPL KP does not guarantee the accuracy, adequacy or completeness of any article and it not responsible for errors or omissions or for the results obtained from the use of such articles and especially states that it has no financial liability whatsoever to the users of this service. Under no circumstances shall any of the information provided herein be construed as a buy or sell recommendation, or investment advice of any kind.
Power Bulletin Page 6
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