The Central Government has launched a High Price Day Ahead Market and Surplus Power Portal (PUShP) – an initiative to ensure greater availability of power during the peak demand season.
HP DAM
- A separate segment has been carved out for those generation systems where the cost of generating power – from gas / imported coal / RE plus storage – may cross Rs.12.
- This separate segment is called HP DAM.
- The HP—DAM is part of the overall strategy to ensure that all available power capacity is utilized for supply the power to consumers.
- Only those generating capacities which have cost of producing power of more than Rs. 12 per unit would be allowed to operate in HP-DAM.
- If the cost of production is less than Rs.12, the generators will have to offer power in the Power Exchange’s Integrated Day Ahead Market (I-DAM) only with a ceiling price of Rs.12.
PUShP
- The surplus power portal is a one-of-its-kind initiative, reflecting the ingenuity of the Ministry of Power and the Regulator. Distribution Companies have tied up long term PPAs for power supply.
- They have to pay fixed charges even when they do not schedule the power. Now the DISCOMs will be able to indicate their surplus power in block times / days / months on portal.
- Those DISCOMs who need power will be able to requisition the surplus power. The new buyer will pay both variable charge (VC) and fixed cost (FC) as determined by Regulators.
