PXIL welcomes the two landmark orders recently issued by CERC

Two landmark orders recently issued by CERC in respect to issuance of neutral NOC by SLDC and priority allocation of transmission corridor to PXIL on congested route. The above orders would go a long way in ensuring a level playing field between two power exchanges currently operating in the power sector. He further said that under multi power exchange model being adopted by the central regulator for the sector, the necessity for ensuring level playing field is central to healthy competition and viability of exchanges.

PXIL has also filed a petition (order awaited) for ensuring a uniform sharing of NLDC charges between two exchanges to meet the principle of fairness. However he expressed the concern over non compliance of RPO’s by few major state utilities (despite adopting UDAY scheme) which have led to over 1.9crore REC inventory being unsold. He appreciated the initiative taken by MNRE to issue public notice urging obligate entities to comply to their RPO’s. He stated “our future lies in renewable energy sources and strict compliance of RPO’s by state regulators is prime for the success of achieving renewable targets set by the government of India”.