Traded Power Prices Drop 30% YOY At IEX To Rs 4.74/unit In May Updated On Tue, Jun 6th, 2023 by Saurenergy In a good sign for India’s summer months, power trading prices at the largest power exchange in the country, IEX, dropped 30% YOY to Rs 4.74/unit in May. During the month, the exchange enabled 8,251 MU (million units) of power trades. The green market trades at 358 MU, 1.42 lac Renewable energy certificates (RECs equivalent […] Read more
Power Exchange Prices Likely To Remain Competitive For Next 10 Months: IEX Updated On Fri, Jun 2nd, 2023 by Saurenergy The Indian Energy Exchange (IEX) claimed that with the global fuel prices coming down and other favourable conditions, the clearing prices in Indian power exchanges are likely to remain competitive for the next few months, unlike 2022-23. SN Goel, Chairman, and Managing Director of IEX, claimed that the trend would likely prevail for the next […] Read more
India’s Solar O&M Market: A tale of increased domination of new evolving technologies Updated On Tue, May 30th, 2023 by Saurenergy If you track the Indian solar sector or are a regular SaurEnergy reader, you might remember the increasing frequency of news reports on the topic of robotic cleaning of solar panels. Be it Ecoppia, Airtouch (incidentally, both are Israeli firms), or the domestic Skilancer Solar and many more, robotic cleaning has created a disruption in […] Read more
Govt Report Bats For Boosting Renewables In Day-Ahead Electricity Market Updated On Wed, May 17th, 2023 by Saurenergy A report by an expert group constituted by the Ministry of Power to review the Indian electricity markets batted for including variable renewable power in the day-ahead markets. The report said this could be done with some revenue protection for the developers. The inclusion of RE was one of the reforms the Group advocated in […] Read more
Large Offshore Wind Turbines Leading To Unsustainable Market Risks, Says Report Updated On Wed, May 3rd, 2023 by Saurenergy A recent report by GCube, a leading underwriter for renewable energy projects, claims that all is not well with the deployment of large wind offshore turbines. The report titled “Vertical Limit: When is bigger not better in offshore wind’s race to scale?” talks about several market vulnerabilities created by using the latest technology meant to […] Read more
Record Renewable Output Lowers Costs, Emissions – Australian Energy Market Operator Updated On Fri, Apr 28th, 2023 by Saurenergy According to the Australian Energy Market Operator (AEMO), the country witnessed a significant increase in its renewable energy production in the quarter that ended in March. As a result, energy costs decreased, carbon emissions hit record lows, and there was a shift away from power generated by coal and gas. This surge in renewable energy […] Read more
CERC Amends February 6 Order On DSM Regulations To Cover High Price-DAM Updated On Mon, Apr 10th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC), in a suo-motu petition, amended its earlier Order of February 6, 2023, relating to its (Deviation Settlement Mechanism and Related Matters) Regulations, 2022. The CERC said it was done to include the changes in DSM Regulations and extend the same for the High Price-Day Ahead Market (HP-DAM). In its February 6 […] Read more
IEX achieved 9,212 MU of overall volume in March 2023, Power Prices Average Rs 5.25/Unit Updated On Tue, Apr 4th, 2023 by Saurenergy The Indian Energy Exchange (IEX) on Tuesday claimed that it achieved 9,212 Million Units (MU) of overall volume in March 2023. It included green market trade of 391 MU, 8.69 lakh Renewable Energy Certificates (REC), equivalent to 869 MU, and 22,881 ESCerts (equal to 23 MU). The power exchange claimed that its overall volume during […] Read more
Crash in Lithium Prices: A Boon for EV Buyers or Unsustainable Trend? Updated On Tue, Apr 4th, 2023 by Saurenergy Prices of the so-called ‘White Gold’ has been declining for the past few months. Lithium is a common ingredient in almost all electric-car batteries we use today. The drop in commodity prices has made it easier for carmakers to cut prices for electric vehicles. For instance, last month, Tesla lowered the prices of its two […] Read more
