mpl power bulletin mar 2015 edition 1 · power bulletin! ! page 3 approved bilateral &...
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© Manikaran Power Limited
POWER BULLETIN Volume 56 | April Edition I
Exchange-based Power Trading
Page 1 Exchange-based Power Trading
Page 2 Area-wise Average Power Trading at IEX Average Daily Frequency
Page 3 Short-term, Open Access Trends
Page 4 Storage Status of Important Reservoirs Summary of REC Trading
Page 5 Power Sector News Updates
Page 6 Regulatory Updates Forecasted High Temperatures in CitiesC
ON
TEN
TS
Year-on-year price comparison of power traded on IEX and PXIL (16 - 31 March)
Pric
e (R
s/M
Wh)
1,000
1,750
2,500
3,250
4,000
16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
IEX 2015 IEX 2014 PXIL 2015 PXIL 2014
Year-on-year volume comparison of power traded on IEX (16 - 31 March)
Vol
ume
(MW
h)
40,000
55,000
70,000
85,000
1,00,000
16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
2015 2014
Year-on-year volume comparison of power traded on PXIL (16 - 31 March)
Vol
ume
(MW
h)
200
1,025
1,850
2,675
3,500
16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
2015 2014
© Manikaran Power Limited
Freq
uenc
y (H
z)
49.70
49.80
49.90
50.00
50.10
50.20
01/09/14 22/09/14 13/10/14 03/11/14 24/11/14 15/12/14 05/01/15 26/01/15 16/02/15 09/03/15 29/03/15
Area-wise Average Power Trading Data from IEX (16 - 31 March 2015)
Region A1Buy volume: 11,322Sell volume: 18,060
Price: 2,500
Region S2Buy volume: 29,021Sell volume: 3,084
Price: 7,887
Region S1Buy volume: 1,43,010Sell volume: 1,15,799
Price: 6,238
Region E2Buy volume: 7,067
Sell volume: 1,46,754Price: 2,496
Region W2Buy volume: 3,73,692Sell volume: 27,404
Price: 2,479
Region N2Buy volume: 4,36,165Sell volume: 1,04,013
Price: 2,496
Region N1Buy volume: 63,662
Sell volume: 2,46,579Price: 2,496Region N3
Buy volume: 67,149Sell volume: —
Price: 2,496 Region A2Buy volume: 30,024
Sell volume: 253Price: 2,500
Region W1Buy volume: 38,114
Sell volume: 1,75,997Price: 2,479
Region E1Buy volume: 46,153Sell volume: 69,090
Price: 2,496
Region W3Buy volume: 14,556
Sell volume: 3,52,902Price: 2,479
Average Daily Frequency of Indian Power Grid
Power Bulletin Page 2
© Manikaran Power Limited
Short Term Open Access
Major Buyers at Exchanges in February 2015 (MUs)
Others 981
Uttarakhand 143
Telangana 146
Maharashtra 206
Gujarat 253
Rajasthan 329
Major Sellers at Exchanges in February 2015 (MUs)
Others 1,346
Jaypee Nigrie 130
Jindal Power 131
JSPL 132
Korba NTPC 154
Karnataka 165
Power Bulletin Page 3
Approved Bilateral & Collective STOA (million kWh) FY2014-15
Vol
ume
(MU
s)
0
1,625
3,250
4,875
6,500
APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB
Collective Bilateral
Approved Bilateral Short Term Open Access (million kWh)
Month | RLDC JUL ‘14 AUG ‘14 SEP ‘14 OCT ‘14 NOV ‘14 DEC ‘14 JAN ‘15 FEB ‘15
North 2,293 3,030 2,654 899 1,328 1,920 2,116 1,611
West 578 695 496 822 1,033 1,199 844 598
South 1,061 1,061 962 838 753 997 1,174 1,088
East 913 779 789 657 462 473 475 444
North-East 24 24 34 42 70 82 115 137
TOTAL 4,869 5,589 4,935 3,258 3,646 4,671 4,724 3,878
Storage status of important reservoirs (As on 27 March 2015)
Region – No. of reservoirs
Filing position w.r.t. FRL
100% 91-99% 81-90% 71-80% 61-70% 51-60% 41-50% < 40%
North (HP, Punjab, Rajasthan) – 6 – – – – – – 1 5
East (Jharkhand, Odisha, Tripura, West Bengal) – 15 – – – – 5 2 3 5
West (Maharashtra, Gujarat) – 22 – – 1 2 2 2 1 14
Central (MP, UP, Uttarakhand, Chhattisgarh) – 12 – – 1 – 2 1 1 7
South (Karnataka, TN, AP, Kerala) – 30 – – – 1 1 6 2 20
© Manikaran Power Limited
Summary of REC Trading & MPL share – 25 March 2015
Power Bulletin Page 4
Summary of REC trading on IEX
Vol
ume
0
22,50,000
45,00,000
67,50,000
90,00,000
Buy Bids Sell Bids Cleared Participants
3851,59,411
13,42,366
89,742 1,3153,18,590
63,25,395
3,18,590
IEX MPL
Summary of REC trading on PXIL
Vol
ume
0
17,50,000
35,00,000
52,50,000
70,00,000
Buy Bids Sell Bids Cleared Participants
7734,9433,87,569
8,9484,05,377
61,22,421
4,05,377
PXIL MPL
MPL Share 29%
MPL Share 50%
Solar REC Clearing Price: Rs 3,500/MWh Non-solar REC Clearing Price: Rs 1,500/MWh
Solar REC Clearing Price: Rs 3,500/MWh Non-solar REC Clearing Price: Rs 1,500/MWh
MPL Share 9%
© Manikaran Power Limited
Assam-Agra transmission line to help north India this summer (IANS)800 kV HVDC transmission line will be operationalised in May
Power plants have enough coal stock; volumes hit 22.8 million tonnes (ET)Around 100 power plants have coal stocks for 16 days each
Decommissioned thermal power units to soon lose their fuel supply (ET)Decision expected to release 35 million tonnes of coal supply
Bihar sets target of 5,000 MW by year-end (Business Standard)New projects, upgradation of existing projects
Odisha peak power demand seen at 4,000 MW in summer (Business Standard)Current peak generation is around 3,800 MW
Power tariff hike under study: Telangana Chief Minister (Hans India)Chief Minister has hinted at a tariff hike of at least 25%
JERC to holds public hearing on proposed power hike (TNN)Union territories & Goa discoms have proposed 10-15% hike in tariff
Tariff of power from units 3, 4 of Kudankulam nuclear power plant to cost more (PTI)First year tariff from the units expected at Rs 6.50kWh
Coal auctions: Power companies stare at 65 paise a unit variable cost deficit (Business Standard)Aggressive bidding could lead to Rs 1,350 crore revenue shortfall in FY16: CRISIL Research
Uncertainty preventing investments in hydel projects, says Piyush Goyal (PTI)Politics and environmental clearances major hurdles
Power sector total loan from banks at Rs 5.83 lakh crore (PTI)Government has no plans to reschedule the loans to electricity generating firms
700 MW power to be generated in Meghalaya in next 10-years (PTI)Demand for power has increased by 8% over the last 10 years
Gas pooling may revive Rs 60,000 crore stuck investment (Business Standard)Gas pooling may unlock 14,000 MW of idle power capacity
Maharashtra government to conduct special audit of its power companies (PTI)Total debt of Mahagenco, Mahatransco and Mahadiscom stood at Rs 55,058 crore
NTPC eyeing distribution in Rajasthan, Haryana and Odisha (ET)Company may also consider entering the power transmission business
Unexpected rains pull down peak power deficit to 2.8% in February (PTI)Peak power shortage in January was 3.1%
REC to fund power projects in Telangana (PTI)REC will provide Rs 24,000 crore for 6,280 MW power projects
Adani, JSW vie for Monnet Power (TNN)Companies eyeing majority stake in Monnet Power for Rs 3,100 crore
PGCIL serves notice on BSES discoms for outstanding dues of Rs 220 crore (PTI)Discoms may face power cuts if dues not cleared by 28 March
NTPC mulls expansion of Simhadri unit (TNN)NTPC planning to expand capacity from 2,000 MW by 650-800 MW
Abhijeet Group seeks Jharkhand CM help to revive power plant (PTI)Work on completion of 1,080 MW power plant project at Chandwa has been stalled
Government allots 38 coal mines to central, state PSUs (PTI)Coal blocks allocated to several companies including NTPC, SAIL
Power discoms in Madhya Pradesh to get Rs 7,728 crore (Business Standard)Discoms had recently proposed 24% hike in tariff due to huge revenue gap
Andhra Pradesh, Telangana get power from Centre (Hans India)Andhra Pradesh to get 304 MW, Telangana to get 222 MW from 1 April
Power Bulletin Page 5
News Updates
© Manikaran Power Limited
Tem
pera
ture
(ºC
)
20
26
33
39
45
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Delhi LudhianaAmritsar Jaipur
Regulatory Updates
Tem
pera
ture
(ºC
)
30
34
38
41
45
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Ahmedabad SuratNagpur Mumbai
Tem
pera
ture
(ºC
)
25
30
35
40
45
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Coimbatore BangaloreHyderabad Chennai
Tem
pera
ture
(ºC
)
25
30
35
40
45
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Raipur BhopalKolkata Kanpur
Source: AccuWeather
Power Bulletin Page 6
Andhra Pradesh hikes tariff for industrial users by 5%
The Andhra Pradesh Electricity Regulatory Commission (APERC) has increased tariff for HT consumers by an average of 5% for FY2015-16.
Tariffs for general industrial consumers was increased by 5.1% across the various voltage supply levels. Consumers connected to 11 kV network will now be required to pay Rs 6.02/kWh instead of Rs 5.73/kWh they payed last financial year. Consumers with connections at 33 kV and 132 kV or above will pay Rs 5.57/kWh and Rs 5.15/kWh, respectively.
Seasonal industries will have to pay the highest tariffs. For consumers with 11 kV connections tariffs have been increased from Rs 6.90/kWh to Rs 7.25/kWh. These consumers can, however, receive electricity at a reduced ‘time of day’ tariff of Rs 7.07/
kWh between 6 PM and 10 PM. No such consolation is, however, available for consumers with 33 kV connections. With an increased of 4.9%, these consumers will pay Rs 6.59/kWh and ToD tariff of Rs 6.62/kWh. Consumers with 132 kV or higher connections will get power at Rs 6.33/kWh and at Rs 6.20/kWh between 6 PM and 10 PM.
Ferro Alloy industry continues to enjoy the lowest tariff amongst the industrial sector. Consumers with 11 kV connections will pay Rs 5.68/kWh and those with 33 kV and 132 kV or above connections will pay Rs 5.23/kWh and Rs 4.81/kWh, respectively.
All other industries excluded from the above three classifications will have to pay high tariff of as much as Rs 7.25/kWh.
Fixed charges for all industrial consumers have been increased by 6% to Rs 371 per KVA.
Forecasted High Temperatures for Major Cities (01-15 April 2015)
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Disclaimer: This newsletter is a service provided by Manikaran Power Limited’s Knowledge Partner (MPL KP) after it selects articles and data from publicly available sources. MPL KP has taken due care and caution in compilation of articles as has been obtained from various sources including which it considers reliable and first hand. However, MPL KP does not guarantee the accuracy, adequacy or completeness of any article and it not responsible for errors or omissions or for the results obtained from the use of such articles and especially states that it has no financial liability whatsoever to the users of this service. Under no circumstances shall any of the information provided herein be construed as a buy or sell recommendation, or investment advice of any kind.
Power Bulletin Page 6