With 25% Renewable Target for 2025, Solar In China Has a Smooth Run Ahead Updated On Tue, Apr 20th, 2021 by Saurenergy China’s national energy regulator NEA has released a consultation paper where it aims to raise the share of wind & Solar power in total power consumption to 11% in 2021 and 16.5% in 2025. Their combined share in 2020 was 9.7%. as we have reported earlier, combined with the long term target to 40 percent […] Read more
PXIL Launches Green Term Ahead Market (GTAM) Updated On Fri, Mar 26th, 2021 by Saurenergy Power exchange India Limited (PXIL), the energy trading market promoted by NSE & NCDEX has launched the Green-Term Ahead Market (GTAM) on its transaction platform on 24th March 2021. The development took place after receiving approval from the Central Electricity Regulatory Commission (CERC) on March 19, 2021. To familiarize the market participants about the product and […] Read more
Power Trading in Power Exchanges Exempted From new TDS and TCS Updated On Mon, Oct 5th, 2020 by Saurenergy The Central Board of Direct Taxes of India (CBDT) has exempted power trading transactions through online exchanges like Power Exchange India Ltd (PXIL) from the newly imposed section 194 (O) – TDS on E-Commerce Transactions & section 206C (1H) – TCS on Sale of Goods on an E-Commerce platform, of Income-tax Act, 1961. The Finance […] Read more
CERC Grants Approval for Third Power Exchange in India Updated On Thu, Aug 6th, 2020 by Saurenergy CERC has approved Pranurja Solutions, promoted by BSE, PTC Ltd and ICICI Bank, to establish what will become the third power exchange in India The Central Electricity Regulatory Commission (CERC) has approved the petition filed by Pranurja Solutions Ltd, a company promoted by BSE, PTC Ltd and ICICI Bank, to establish what will become the […] Read more
RTM Trading to Enable Efficient Price Discovery, Support Grid Balancing, Says ICRA Updated On Thu, Jun 11th, 2020 by Saurenergy The recent launch of the real-time market (RTM) for power trading likely to lead to efficient price discovery in the power trading market, said a leading credit rating agency, ICRA. On the other hand, it will also enable power distribution utilities (Discoms) and the open-access consumers to bid for electricity within 1 hour of the […] Read more
PXIL Kicks Off Real Time Market Trade for Power Transaction in India Updated On Mon, Jun 1st, 2020 by Saurenergy NSE and NCDEX promoted Power Exchange India Ltd (PXIL) has kick-started its first Real Time Market (RTM) trade in India for delivery of electricity effective from today i.e. June 01, 2020. The first trade was conducted by clients of Kreate Energy Pvt Ltd and PTC India Ltd on the PXIL’s platform, and the initial auction […] Read more
Microgeneration and Power Trading – Will it work for India Updated On Thu, Nov 28th, 2019 by Saurenergy At the outset let us define what is microgeneration. In simple terms, it is defined as the small-scale production of electricity from a low carbon source. This includes the design and installation of advanced distributed generation systems using traditional or renewables technologies. Given that traditional power systems are efficient only at scale, they typically do […] Read more
