KSEBOA - KSEB Officers' Association

Friday
Oct 20th
Text size
  • Increase font size
  • Default font size
  • Decrease font size
Home News Power Sector News PXIL alleges discrimination in transmission corridor allocation

PXIL alleges discrimination in transmission corridor allocation

PDF
Hits smaller text tool iconmedium text tool iconlarger text tool icon

PXILPower Exchange India (PXIL), the Mumbai-based electricity exchange, has alleged discrimination in allocation of the limited transmission corridor it has to share with its bigger competitor the Indian Energy Exchange (IEX).The National Stock Exchange (NSE)-promoted electricity exchange that accounts for less than five per cent of the Rs 8,600-crore exchange-based short-term trading market in India has knocked on the doors of Central Electricity Regulatory Commission (CERC), seeking change in the allocation methodology.

PXI has alleged its participants are facing discrimination from IEX owing to the current methodology of "pro-rata allocation", where National Load Dispatch Centre (NLDC) allocates corridor between the two exchanges based on their individual power flow requests. The smaller exchange, therefore, gets lesser quantum of business whereas the bigger exchange gets a larger pie."Less allocation to the smaller exchange gives a signal to the participants that the trade or volume clearance on PXI would be doubtful and the participants would therefore be more comfortable on the exchange where clearance of volume is much more," PXIL said in a recent petition to CERC.

According to PXIL, transmission corridor is a public resource and its allocation should be in line with the policy guiding allocation of any scarce resource. It has proposed a new methodology, which would allow allocation of equal corridor to both the exchanges. IEX, in a hearing on the petition earlier this month, responded to the allegation by arguing the yardstick to measure public good should be social welfare and not the benefit of a single exchange.

"Their volumes are very low. Therefore, they are seeking preferential treatment to gain volumes and business," said a senior IEX executive. India generates over 900 billion units (BUs) of electricity annually. Around a tenth of this – or 90 BUs -- is traded in the short-term market. The two exchanges, along with bilateral traders, account for 59 per cent of the power traded in the short-term market with a size of Rs 24,500 crore. While IEX has captured 95 per cent of the exchange market, PXIL commenced operations a year later.

Source- Business standard

 

Add comment


Security code
Refresh


 

Random Videos

You need Flash player 6+ and JavaScript enabled to view this video.
Title: Power Quiz 2015 Final - Part-1

Latest Comments

Banner

Reference Book

 

Reference Book on Power

Electrical Engineering-- D' 1/4 Size Hard bound-- 1424 Pages-- Just Rs.1000/- only &n...

Visitors Counter

mod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_counter
mod_vvisit_counterToday4413
mod_vvisit_counterYesterday3990
mod_vvisit_counterThis Month89921
mod_vvisit_counterLast Month134230

Online Visitors: 80
IP: 54.158.212.93
,
Time: 21 : 40 : 25