- Lucknow, 17th October 2019: UP power minister orders special audit of distribution companies
- New Delhi, 16th October 2019: India ranks 109th in World Energy Council’s energy trilemma index
- New Delhi, 16th October 2019: Indian Railway to become world first 'net-zero' carbon emitter by 2030, Piyush Goyal
- New Delhi, 15th October 2019: Adani Transmission acquires arm of REC Transmission Projects
- New Delhi, 13th October 2019: Over 2,500 held in last 18 months for power theft in Delhi
- Guntur, 13th October 2019: Andhra Pradesh SPDCL constitutes special teams to collect pending dues
- Lucknow, 12th October 2019: Power discoms ramp up ratings with better service, less losses
- Hyderabad, 11th October 2019: Atomic energy officials raise red flag on dangerously high uranium levels in Telangana
- New Delhi, 10th October 2019: Delhi govt's free-electricity scheme an example of smart governance Kejriwal
A transaction for exchange of energy (MWh) between a specified buyer and a specified seller, directly or through a trading licensee or discovered at Power Exchange through anonymous bidding, from a specified point of injection to a specified point of drawl for a fixed or varying quantum of power (MW) for any time period during a month.
Electricity Act 2003 has distinguished "Power Trading" as a separate licensed activity with the objective of developing power market in India to maximize resource utilization by promoting healthy competition among power players. For this reason, Power Trading is referred to as "purchase of electricity for resale thereof". CERC/SERCs have prescribed stringent "non discriminatory open access" regulations and have also granted Inter-State Trading Licensees to 45 companies (as on July 2009). CTU/STUs have also defined detailed open access procedures to promote power trading operations in the country. The demand supply gap among various utilities during day and month provides opportunities for power trading. With tightening of grid discipline by CERC regulation, the utilities are persuaded to plan their demand supply gap in advance. This provides power trading a huge potential for growth.
MPL provides solution for sale and purchase of power from CPPs, IPPs and State Utilities/ Discoms on Intra Day, Day Ahead, Week Ahead and Month Ahead basis. MPL facilitates open access through SLDC/RLDC and communicates with all concerned. Commercial settlement is done through established practices involving weekly provisional bills and monthly bills based on Regional Energy Account (REA) prepared by Regional Power Committees (RPC).
MPL ensures timely payment for every transaction including energy and transmission charges as per the contract terms. Our payment track record shows our commitment for transparency and timely settlement of accounts.
MPL has carved a niche for itself in the short duration of its operations in India's dynamic power market. MPL takes active interest in establishing a sound business relationship with its clientele for sale of its surplus power and to provide assistance in case of particular power requirement need during any time of the day. MPL is adept at providing a wide range of services to its clients vide Sale/Purchase of power through Short/medium term trades, bilateral contracts, Banking/Swap method and through Power Exchanges.