- New Delhi, 21st November 2019: Hero Electric to go ahead with expansion plan amid slowdown
- New Delhi, 20th November 2019: Electric Vehicles will account for over a half of all passenger vehicle sales by 2040
- New Delhi, 20th November 2019: India's Finance Commission likely to reject $12 bln package to help utilities cut pollution source
- Thiruvananthapuram, 19th November 2019: Kerala CM inaugurates Edamon Kochi powerline
- New Delhi, 18th November 2019: BHEL commissions pumping units for irrigation scheme in Telangana
- New Delhi, 17th November 2019: Hydro power bhutanese foreign minister to visit India from Sunday
- Panaji, 16th November 2019: Commercial consumers to pay more for power from April
- Kolkata, 15th November 2019: CESC drops plans to separate distribution and generation biz
- Ajmer, 14th November 2019: Rajasthan's discom earns Rs 3 crore fine from theft cases
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.