Indian Energy Exchange Commences Trade on High Price Day Ahead Market (HP-DAM)


Indian Energy Exchange (IEX), India’s premier energy exchange on Friday announced the commencement of trade in the High Price Day Ahead Market (HP-DAM) segment,” said IEX in a statement.


IEX has announced the launch of a new market segment called High Price Day Ahead Market (HP-DAM), which has been approved by the Central Electricity Regulatory Commission (CERC).


This segment will provide an opportunity for high variable cost generators to participate in the market, who were unable to do so due to the existing price ceiling of Rs.12/kWh.


HP-DAM will allow high-cost generators, such as Gas based Power Plants using imported RLNG and Naphtha, Imported Coal based Power Plants using imported coal, and Battery Energy Storage Systems, to sell electricity on the IEX platform with a price range of 0 to Rs.50/unit.


This segment will function as part of the integrated DAM, with sequential clearing of GDAM first, followed by DAM and finally HP-DAM. The bidding process for HP-DAM will be the same as for other segments, and buyers and eligible sellers will have the option to transfer unselected bids in DAM to HP-DAM.

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The launch of HP-DAM is a significant step towards reforming the evolving power market and meeting the current demand through optimum utilization of power generation capacity.

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