Thread by @tycoonmindset05

Indian Energy Exchange Concall was today at 2:30 pm

Here are the key highlights of the Conference call 😀

@varinder_bansal @Coolfundoo @amey_candor @caniravkaria @Maaachaaa69

Operation:
• Operation were at normal levels and see
• Launched new product which is in green market and improved the technology.
• Provide power in all areas in significant manner
• Witnessed highest manufacturing in power number in last 8 years

New bringing:
• Real time electricity market launched in June and witnessed volum
Almost arounde and traded 2,350 MU in this quarter
• Green Term-ahead Market (G-TAM), launched on August 21, 2020 saw good response and saw volume of 75.01 MU during the quarter.

Power market:
• Time line for power market regulation was expected to be issued on September, however this was delayed by SC, and no near term time line expectation for the beginning

• Covid impact has affected power and energy , policies are present to make improvements

• In electricity initial phase every thing settled out eventually , and in gas segment things are different , they are working with govt about GST related work
• Intraday dam transaction are reduced.
• Company doesn't think any cannibalism in long dated volumes

Gas Exchange:
• Till now 2 terminals , but for growth need more terminals. Maybe 2-3 new will come in next one year
• Opportunity for gas is more than that of electricity
In case of gas exchange, short term market exchange is high.

• Long duration contract: reverse option pricing structure is similar to b platform where there will be minimum charges
In b platform only price discovery is done, in case of IEX their is option and matching mechanism, supply and generation on daily basis will be done by company

• DEEP platform is only for price discovery. After this DEEP platform role is over
• REC volume: Trading can happen on 28th of October
• STM is 11% of total generation, and there is significant increase in STM
• Introduction of LDC, increase distribution from 50 to 75% market

• DISCOM short term open action notification: Will be effective from 1st of November.
• NTPC participation is given entire power to states, hence they would be to RTM.

• Open Access volume: Increase in volume (almost around 40%), This was due to low clearing price (2.3 RS) which was (2.15 RS).

• In Green Turbine , customer buy Electricity and IT application. Purchase and production at same time, In REC there is only production of electricity

• Ambit: dispatched to fulfill full demand but it is complex process. It remains Difficult to implement in country, hence this will take time to implement in India
• Market coupling: Difficult to see regulators for coupling the market, while Ambit remains big opportunity for co

In short term 10% market: As long term is not happening so there is shift in demand to STM
•No incremental demand in stm in last 2 years
• Old plants will be replaced by govt. New plants will supply power
• Cross border transaction will issue soon, and will drive volume in STM