Public sector power generator NTPC has traded 3.7 million units of surplus power on Indian Energy Exchange (IEX) till date.
According to a statement released by the company, NTPC has traded surplus power from its four thermal power stations including Vindhyachal and Unchahar at the IEX for the first time.
“NTPC has made small beginning with sale of surplus power from its power stations in Singrauli, Vindhyachal, Rihand, Unchahar and Dadri through Power Exchange recently. The company has already traded 3.7 MUs (million units) of power till date,” NTPC said in a release today.
According to a company statement yesterday, NTPC has traded surplus power from its four thermal power stations including Vindhyachal and Unchahar at the IEX for the first time.
The central generating stations are scheduled on a day-ahead basis. Usually, generating stations offering cheaper power are fully scheduled by states. In case the state does not wish to utilise the power, the power remains un-requisitioned and unsold, IEX had earlier said in a statement.
The decision for sale of power through exchange is based on the amendment issued to Tariff Policy in January, allowing the generating companies to sell surplus power in the market with the consent of beneficiary and share the incremental gain with them making it a win win situation for both, company said.
Going forward, other companies like NHPC, Neyveli Lignite, etc are also expected to participate in the market to sell their un-requisitioned surplus, creating a new opportunity for the markets.
NTPC’s installed capacity is 47,178 MW. It recorded highest ever gross generation of 241.98 billion units (BU) during 2015-16.
NTPC coal stations achieved a plant load factor (PLF)of 78.61 per cent during the year 2015-16, which is highest among central, state and private sector companies in the country.
The company recorded gross generation of 263.42 billion units during 2015-16.