IIT Kanpur's Centre for Energy Regulation organises workshop on power market derivatives

NEW DELHI: The Centre for Energy Regulation (CER) at the Indian Institute of Technology (IIT Kanpur) organised a stakeholder consultation workshop on ‘Developing power market derivatives for the Indian power sector’ in order to address the evolving dynamics of the power sector in the country. The event was held at the India Habitat Centre in New Delhi.

The stakeholders at the workshop explored innovative solutions and developed risk mitigation strategies amidst the growing share of renewables and market volatility. Anoop Singh, professor at the management sciences department, IIT Kanpur, presented the outcomes of an ongoing study conducted by CER in collaboration with the Shakti Sustainable Energy Foundation.

Singh shared insights into derivative product design, regulatory frameworks and policy implications vital for successful implementation of power market derivatives in the country. He also proposed an innovative approach to facilitate sector-wide participation in financially settled and physically delivered derivatives, aimed at mitigating risks encountered by DISCOMs, Open Access Consumers, and Thermal/RE generators.

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The event also featured two insightful panel discussions and deliberations among esteemed industry professionals. The first panel comprised representatives from the Central Electricity Authority, PTC India Ltd, Indian Energy Exchange, and EY Parthenon.

The second panel was attended by panellists from the Punjab State Electricity Regulatory Commission, Central Electricity Regulatory Commission, Grid India, Securities and Exchange Board of India, and The Lantau Group offered valuable insights and perspectives on this critical aspect.

The workshop concluded with a consensus on the potential of power derivatives to enhance market efficiency and manage risks in the Indian power sector.