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© 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 Cities CONTENTS Year-on-year price comparison of power traded on IEX and PXIL (16 - 31 May) Price (Rs/MWh) 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) Volume (MWh) 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) Volume (MWh) 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
Transcript
Page 1: MPL Power Bulletin Mar 2015 Edition 1 · 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

© 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

Page 2: MPL Power Bulletin Mar 2015 Edition 1 · 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

© 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

Page 3: MPL Power Bulletin Mar 2015 Edition 1 · 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

© Manikaran Power Limited

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

Page 4: MPL Power Bulletin Mar 2015 Edition 1 · 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

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

© Manikaran Power Limited

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%

Page 5: MPL Power Bulletin Mar 2015 Edition 1 · 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

© Manikaran Power Limited

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

Page 6: MPL Power Bulletin Mar 2015 Edition 1 · 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

© Manikaran Power Limited

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

Page 7: MPL Power Bulletin Mar 2015 Edition 1 · 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

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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

M : +91 8939500112


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