Part 1 of IEX Annual Meet on 7th September 2022
Satyanarayan Goel, Chairman & Managing Director
Satyanarayan Goel, Chairman & Managing Director
1. India doing great vis-a-vis others
2. Indiaβs per-capita electricity consumption is only about one-third of the global average.
3. India aims to become a carbon-neutral economy by 2070 and achieve 50% clean energy share by 2030.
2. Indiaβs per-capita electricity consumption is only about one-third of the global average.
3. India aims to become a carbon-neutral economy by 2070 and achieve 50% clean energy share by 2030.
4. The launch of National Hydrogen Mission to accelerate plans to generate carbon-free fuel from renewables.
5. Faster adoption of electric mobility.
6. Electric storage making inroads
7. Market-based approach
8. Spot market to become 25% of generation in the next 3-4 yrs
5. Faster adoption of electric mobility.
6. Electric storage making inroads
7. Market-based approach
8. Spot market to become 25% of generation in the next 3-4 yrs
9. Market will serve as a catalyst for accelerating RE generation capacity addition
10. RE generators are considering a mix of PPAs & market-based approach.
11. Exchanges play a crucial role in reducing the cost of RE integration.
12. Success stories in Europe.
10. RE generators are considering a mix of PPAs & market-based approach.
11. Exchanges play a crucial role in reducing the cost of RE integration.
12. Success stories in Europe.
13. Deloitte says IRR for market-based models will be ~20%
14. IPPs should adopt a market-based approach
15. Introduction of long-duration contracts: a big positive for the sector
16. GNA discussions started in 2013 & finally regulations were issued in 2022.
14. IPPs should adopt a market-based approach
15. Introduction of long-duration contracts: a big positive for the sector
16. GNA discussions started in 2013 & finally regulations were issued in 2022.
17. Benefits:
~Transparent
~Efficient
~Secure
18. IEX:
~Competitive
~Flexible
~Transparent
~Efficient
19. Experience
~Registration
~Bidding
~Delivery
~Settlements
20.Value Added Services to RE power producers
~Transparent
~Efficient
~Secure
18. IEX:
~Competitive
~Flexible
~Transparent
~Efficient
19. Experience
~Registration
~Bidding
~Delivery
~Settlements
20.Value Added Services to RE power producers
21. Leveraging Tech
~Prov of data Insights
~Member API across products
~Automation
~Web portal
22. New Launches
~October 2021: Green DAM
~2022: Cross-border trade
~South Asia regional market
~Nepal & Bhutan started transactions
23.IGX breaks even in the 1st yr of operation
~Prov of data Insights
~Member API across products
~Automation
~Web portal
22. New Launches
~October 2021: Green DAM
~2022: Cross-border trade
~South Asia regional market
~Nepal & Bhutan started transactions
23.IGX breaks even in the 1st yr of operation
24. Outlook
~Electricity Consumption to grow at 6% CAGR
~Market-based platforms being preferred
~Huge opportunity in the gas market
~Exploring for setting up a carbon exchange.
~New products
Ancillary market
Gross bidding
Capacity market
~Electricity Consumption to grow at 6% CAGR
~Market-based platforms being preferred
~Huge opportunity in the gas market
~Exploring for setting up a carbon exchange.
~New products
Ancillary market
Gross bidding
Capacity market
That's it.
That's the end of Part 1 of
IEX Annual Meet on 7th September 2022
Satyanarayan Goel, CMD
Thank you!π
That's the end of Part 1 of
IEX Annual Meet on 7th September 2022
Satyanarayan Goel, CMD
Thank you!π
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