Power Ministry proposes reforms for short-term sale purchase of power

In future, the ministry is also looking at merging the DAMs of all power exchanges into one entity, which will oversee the trading of day-ahead bids for both renewable energy and conventional power

With long-term power purchase getting obsolete, the Union Ministry of Power has proposed a set of reforms for short-term sale purchase of power. The ministry has proposed an integrated day-ahead market (DAM) in power exchanges, which would blend trading of green and conventional energy, better the power price discovery, and improve payment to power generators.

In future, the ministry is also looking at merging the DAMs of all power exchanges into one entity, which will oversee the trading of day-ahead bids for both renewable energy (RE) and conventional power. The integrated DAM, however, has been planned to launch without this merger,