- New Delhi, 23rd April 2019: Tata Power to focus on clean energy, won't build new coal-fired plants
- New Delhi, 23rd April 2019: Banks association, power sector spar on RBI norms for stressed assets
- New Delhi, 23rd April 2019: Battery storage, smart grid, efficiency firms raise $210 mn in Q1 2019
- Mumbai, 22nd April 2019: 12 more nuclear power plants in India soon, says Department of Atomic Energy chief
- Chandigarh, 22nd April 2019: Panel pulls up power dept for not introducing time-of-day tariff
- Nagpur, 22nd April 2019: Crops and Villagers choke on fumes from Koradi Thermal Power Station
- Mumbai, 22nd April 2019: Parts of island city power-less for three hours on Easter Sunday
- Dehradun, 21st April 2019: Uttarakhand brace for eight hour power cuts from this week
- New Delhi, 20th April 2019: Lenders to power projects invoke IBC norms to keep stressed assets in NCLT
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.