Green power trading faces regulatory red light

Hope fades for unrequited renewables, CERC terms it an immature market

Central Electricity Regulatory Commission (CERC) struck down the idea of a separate day-ahead trading market (DAM) for renewable energy. The plan peaked as share of unsold renewable energy has been increasing with states not honouring their power purchase agreements (PPAs) or curtailing green power.

While it was hailed by power exchanges and renewable energy companies, the regulator called it an 'immature market'. The move could be a major setback for the sector as it already battles curtailment and non-payment from states across the country.

“The Commission is of the view that the market condition at present is not conducive for