According to a report prepared by the Market Monitoring Cell (MMC) of the Central Electricity Regulatory Commission (CERC) on the short-term transactions of electricity for the month of July 2010, out of the total electricity generation of 65,632.15 million units (MU), excluding generation from renewable sources and captive power plants, a total of 8,452.28 MUs, or 12.88%, were transacted in the short-term. - Such transactions consist of 4,367.92 MUs (6.66%) of the total electricity generation) through bilateral mechanisms-- that is through licensed traders, term-ahead contracts on power exchanges and directly between the distribution companies-- 3,041.12 MUs (4.63%) through unscheduled interchange (UI) and 1,043.24 MUs (1.59%) through the two power exchanges, namely Indian Energy Exchange (IEX) and Power Exchange India Limited (PXIL).
- Both the exchanges faced congestion during the month. In IEX, congestion occurred about 5.11% of the hourly time blocks, whereas PXIL observed the same in 5.24% of the hourly time blocks. Congestion was most prevalent during 0.00-6.00 hours, at both.
- About 0.6% of the actual cleared volume in IEX and about 1.2% of the volume in PXIL could not be cleared due to congestion.
- Significantly, during the month, 21 regional entities were involved in the sale of electricity through various short-term transactions, while a total of 13 states made short-term purchases of power.
- The top five sellers of short-term electricity during the month were Himachal Pradesh (714.15 MUs), Gujarat (633.72 MUs), Jammu & Kashmir (386.18 MUs), Chhattisgarh (384.93 MUs) and Damodar Valley Corporation (319.24 MUs), while the top five purchasing entities were Punjab (1,224.40 MUs), Haryana (991.41 MUs), Tamil Nadu (588.47 MUs), Maharashtra (508.19 MUs) and Uttar Pradesh (355.43 MUs).
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