News: CERC has approved IEX the to Introduce long dated electricity contracts, which includes monthly and quarterly contracts and soon it could also approve half yearly and even yearly contracts. CERC has also allowed cost plus generators to sell on exchanges if not scheduled by 10 am
Views: This came in as a positive for IEX as IEX was waiting for a long time to get the clearance from CERC. The approval is expected to bring a landmark change in the power markets as a major chunk of bilateral trade is expected to shift from bilateral contracts to power exchanges. This move would also benefit state power distribution companies to tie up short-term power supply for up to three months on power exchanges at a better and transparent price
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