Sunday, September 17, 2017

IEX @ Rs 9.9 per unit? Lessons to learn

While the SHAKTI scheme of coal block reverse auction is likely to unlock the thermal generation potential, the so called "power surplus'' situation is challenged by unprecedented high prices of electricity being traded at the exchange. What gone wrong? Who erred? CEA ,POSOCO or State Utilities? Well this non-win situation has lessons that Indian Power Sector can learn. 
Even smart grid wont solve this problem if the bureaucratic approach of state utilities/TRANSCO/GENCOs misreporting to POSOCO.
GENCOs can take shutdown whenever they want, thermal power plants need investment to improve efficiency and cutting their generation will make them more inefficient.