India’s
power sector regulator Central Electricity
Regulatory Commission (CERC) has suggested establishing a South Asian power
trading market to help alleviate acute electricity deficits faced by many
nations in the region.
It recommended that a SAARC sub regional power trading market will be beneficial to member nations. It will enhance benefits of competition and efficiency through trading on power exchanges.
Such a market would assist in trading electricity b/w India and other countries such as Bangladesh, Nepal, Bhutan and Sri Lanka, Pakistan.
Energy demand in the SAARC region is projected to grow at an annual rate of 5%.
India has power transmission links with Bhutan and Nepal while negotiations are on for similar lines with Bangladesh and Sri Lanka.
It recommended that a SAARC sub regional power trading market will be beneficial to member nations. It will enhance benefits of competition and efficiency through trading on power exchanges.
Such a market would assist in trading electricity b/w India and other countries such as Bangladesh, Nepal, Bhutan and Sri Lanka, Pakistan.
Energy demand in the SAARC region is projected to grow at an annual rate of 5%.
India has power transmission links with Bhutan and Nepal while negotiations are on for similar lines with Bangladesh and Sri Lanka.
About
Central Electricity Regulatory Commission (CERC)
§ A key regulator of power sector in India
§ Statutory body functioning with quasi-judicial
status under sec – 76 of the Electricity Act 2003
§ Initially constituted on 24 July 1998 under the Ministry
of Power’s Electricity Regulatory Commissions Act, 1998 for
rationalization of electricity tariffs, transparent policies regarding
subsidies, promotion of efficient and environmentally benign policies, and for
matters connected Electricity Tariff regulation.
Objectives:
The Commission intends to promote competition, efficiency and economy in bulk power markets, improve the quality of supply, promote investments and advise government on the removal of institutional barriers to bridge the demand supply gap and thus foster the interests of consumers. In pursuit of these objectives the Commission aims to –
The Commission intends to promote competition, efficiency and economy in bulk power markets, improve the quality of supply, promote investments and advise government on the removal of institutional barriers to bridge the demand supply gap and thus foster the interests of consumers. In pursuit of these objectives the Commission aims to –
§ Improve the operations and management of the
regional transmission systems through Indian Electricity Grid Code (IEGC),
Availability Based Tariff (ABT), etc.
§ Formulate an efficient tariff setting mechanism,
which ensures speedy and time bound disposal of tariff petitions, promotes
competition, economy and efficiency in the pricing of bulk power and
transmission services and ensures least cost investments.
§ Facilitate open access in inter-state transmission
§ Facilitate inter-state trading
§ Promote development of power market
§ Improve access to information for all stakeholders.
§ Facilitate technological and institutional changes
required for the development of competitive markets in bulk power and
transmission services.
§ Advise on the removal of barriers to entry and exit
for capital and management, within the limits of environmental, safety and
security concerns and the existing legislative requirements, as the first step
to the creation of competitive markets.
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