Cost-Effective Power Procurement Through Exchanges

Open Access in Power-Towards Enabling Make in India & Self Reliance

Open Access' introduced under the Electricity Act 2003, provided large consumers with load of 1 MW and above, an option to purchase electricity from a source of their choice and not necessarily from the local power distribution licensee.

Respective State Electricity Regulatory Commissions (SERCs) have enacted enabling regulations for open access and also determine charges such as wheeling, cross subsidy and additional surcharge which are levied on those procuring power through open access. Open access charges vary substantially across states due to difference in tariff structures and cost of power distribution.

Benefits For Industry

• Competitive power prices yielding higher savings in power purchase cost
• Improved competitiveness through reduction in cost of production as a result of savings in electricity cost
• Improved cash position leading to better managed financial liquidity
• Flexibility in managing the power portfolio
• Market based options to meet green energy & sustainability commitments

Join us in this session to know more about this transformative journey towards rationalizing power procurement, accruing financial savings and enhancing overall competitiveness and profitability.