NEW DELHI: With short-term or day-ahead buying catching on in power trading, entities dealing in these have asked the government to unclog the transmission constraints and look at reforming the process, in accordance with the Electricity Act.
In the past five years, there has been a 26 per cent fall in power rates in the day-ahead market and sales volume has grown 90 per cent.
Seasonal variations, uncompetitive price of electricity and inability of distribution companies (discoms) to accurately forecast their demand are among the reasons why states succumb to short-term purchase of power.
In a note to the Central Electricity Regulatory Commission, the India Energy Exchange (IEX), a leading ent
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