Power exchanges have a much larger role to play in creating efficient transaction structures to meet the power demand and supply situation while helping sustain the capacity market in the country. That would also be a vindication of the role envisaged by the policy makers and regulators for development of the power markets through power exchanges.
For further improvement of the power transactions framework, the underlying infrastructure of transmission access, information availability as well as processes for obtaining approvals for power T&D network access for users also needs to be digitized and brought closer to real time.
Any new contracts for physical delivery catering to different time periods are dependent to a large extent on the regulations governing access to transmission and time periods to gate closure. There is much impetus towards optimizing the processes involved in this and we believe more products can be introduced very soon on the exchange platforms.
(In an exclusive exchange with T&D India)