1. What was the reason of proposing to replace the existing Connectivity/ Long Term Access/Medium Term Open Access regulations with General Network Access (GNA) Regulations? Central Electricity Regulatory Commission vide its two orders issue in March, 2010 and Feb, 2011 grant approval for Eleven High Capacity Transmission corridors of cost around Rs. 50,000 Cr for evacuation of power of Generation projects of IPPs. The progress of these IPP-projects was affected due to various reasons like delay in land acquisition, statutory clearance and fuel tie up. Due to issues related to case–I bidding not many distribution companies have tied up their power requirement from these generating stations. There being no liability for payment of transmission charges associated with Connectivity. Some of the generators were seeking LTA for a quantum much less than their Connectivity to piggy ride on the existing transmission network avoiding the liability of paying monthly transmissi...
Electricity Market General Practice A wholesale electricity market exists when competing generators offer their electricity output to retailers . The retailers then re-price the electricity and take it to market. For economically efficient electricity wholesale market to flourish it is essential that a number of criteria are met, namely the existence of a coordinated spot market that has "bid-based, security-constrained, economic dispatch with nodal prices. The system price in the day-ahead market is, in principle, determined by matching offers from generators to bids from consumers at each node to develop a classic supply and demand equilibrium price , usually on an hourly interval. The theoretical prices of electricity at each node on the network is a calculated " shadow price ", in which it is assumed that one additional kilow...