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CERC Orders Power Exchanges to Cap Market Clearing Price at ₹12/kWh

The average buy to sell bid ratio was 2.03:1 when MCP touched ₹20/kWh

April 8, 2022

/ Arjun Joshi
/ Grid, Market & Policy,
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Central Electricity Regulatory Commission (CERC) directed the power exchanges to re-design their bidding software so that members can submit their buy bids at the maximum price of ₹12 (~$0.16)/kWh for Day-Ahead Market and Real-Time Market. The Commission passed the order in response to a suo moto petition.

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Arjun Joshi

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