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Budget 2020: IEX asks for open access, cutting dependence on long-term pacts

Indian Energy Exchange, the country’s largest online power trading platform, today said the Budget 2020 must focus on measures to allow implementation of open access and reduce the dependence on long term Power Purchase Agreements (PPAs).

“These steps would bring significant benefits to the economy – industry as well as end-consumers. Round-the-clock access to competitively priced energy will boost industry profitability which will manifest in increased investments and job creation,” Rajiv Srivastava, IEX Managing Director and Chief Executive, said.

The central and state governments should work towards eliminating Cross Subsidy Surcharge (CSS), Additional Surcharge (AS) and other non-tariff hurdles impeding open access of electricity, he said, adding that this will bring significant benefit the industry and should be rolled out at the earliest.

He also said that the industry expects moving away from long term PPAs and adoption of flexible and competitive contracts offered through market-based mechanisms.

Source
ET Energy World
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