Short-term power market gains as long-term PPAs recede, shows data

The share of short-term power market moved up from 6.1 per cent in FY09 to 11.7 per cent in FY19, shows data released by the Central Electricity Regulatory Commission

The short-term power market in the country has surged ahead over the past decade with the gradual drying up of long-term power purchase agreements (PPAs) inked by thermal power generators with the state electricity boards.

According to data released by power regulator Central Electricity Regulatory Commission (CERC), the share of the short-term market, made up by energy exchanges, bilateral trade and unscheduled interchanges, moved up from 6.1 per cent in FY09 to 11.7 per cent in FY19. In the comparable period, the dominant grip of PPAs loosened as their share fell from 93.86 per cent to 88.3 per cent.

Energy