Regulatory Workshop on Transition of Contracts to Electricity Markets

Regulatory Workshop on Transition of Contracts to Electricity Markets

May 17 & 18, 2018 -New Delhi, Under the USAID’s Greening the Grid program, the National Association for Regulatory Utility (NARUC), USA is implementing a series of activities in partnership with CERC. As a part of the partnership, a two-day regulatory workshop was organized on transition of contracts to electricity markets on May 17 and 18. NARUC team presented the draft Regulatory and Market Guidelines focused on Electricity Market Transitions and Bilateral Contracts and on the role of physical and financial contracting to support new generation development in energy markets. The team identified California and New York as U.S. state examples that offer lessons to Indian regulators as they undergo this transition. NARUC also brought a regulator from Arizona, whose utilities recently entered the Western Energy Imbalance Market, and an attorney from the Midcontinent Independent System Operator (MISO). MISO manages the bulk electric transmission system in 15 states, coordinates transmission service with the Canadian Province of Manitoba, and operates several energy and capacity markets. These additional perspectives supplemented the discussions surrounding the electricity market development in California and New York that are profiled in the Guidelines. The workshop was attended by 30 Indian participants from CERC, POSOCO, Central Electricity Authority (CEA), Indian power exchanges, generators and distribution companies.