March 6, 2024, New Delhi: The Centre for Energy Regulation (CER) at the Indian Institute of Technology (IIT) Kanpur orchestrated a stakeholder consultation workshop on ‘Developing power market derivatives for the Indian power sector.’ Held at the India Habitat Centre in New Delhi, the event attracted representatives from key industry players, including the Central Electricity Authority, PTC India Ltd, Grid India, and others.
Key Highlights:
- The workshop, organized by CER at IIT Kanpur, aimed to address challenges posed by the increasing share of renewables and market volatility in the power sector.
- Anoop Singh, a professor at the management sciences department of IIT Kanpur, presented insights from an ongoing study conducted by CER in collaboration with the Shakti Sustainable Energy Foundation.
- Singh discussed derivative product design, regulatory frameworks, and policy implications crucial for successfully implementing power market derivatives in India.
- An innovative approach was proposed to encourage sector-wide participation in financially settled and physically delivered derivatives, mainly targeting risk mitigation for DISCOMs, Open Access Consumers, and Thermal/RE generators.
Panel Discussions:
First Panel:
- Representatives from the Central Electricity Authority, PTC India Ltd, Indian Energy Exchange, and EY Parthenon participated.
- Discussed challenges and opportunities in the power market and potential solutions.
Second Panel:
- Panelists from the Punjab State Electricity Regulatory Commission, Central Electricity Regulatory Commission, Grid India, Securities and Exchange Board of India, and The Lantau Group.
- Offered valuable insights and perspectives on the critical aspects of power market derivatives.
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