Workshop on Electricity Market Transitions and Bilateral Contracts (NARUC)

Workshop on Electricity Market Transitions and Bilateral Contracts (NARUC)

New Delhi, January 29-30, 2019 Under the USAID’s Greening the Grid program, the National Association for Regulatory Utility Commissioners (NARUC), USA is supporting Central Electricity Regulatory Commission (CERC) on regulatory practices and guidelines for integrating high levels of Variable Renewable Energy (VRE) on to the Indian grid. As part of the partnership, a two-day regulatory workshop started here today in New Delhi with focus on transition of long-term contracts to electricity markets. Experts drawn from New York, Michigan and California shall be presenting on the regulatory practices and market operations in these U.S. regions accompanying the transition to market operations in the U.S. Besides transition to energy, ancillary and capacity markets under ISO/RTO structures, the focus is also to study resource adequacy, procurement planning and market monitoring under different regional structures in the U.S. The attempt is to draw lessons for the transition that India has embarked on in reorganising its day-ahead, intra-day and ancillary markets while also exploring means of transitioning long-term contracts to electricity markets. The workshop is being attended by more than 40 dignitaries representing CERC, POSOCO, Central Electricity Authority (CEA), Indian power exchanges as well as State Electricity Regulatory Commissions, generators and distribution companies.