Draft guidelines for short-term (i.e.for a period of more than one day to one year) sale of power by power generating company and distribution licensees (the `seller') through tariff based bidding process

The Ministry of Power published the draft guidelines for short-term sale of power through tariff-based bidding process on the 6th of March 2019 for public consultation. Promotion of competition in the electricity industry in India is one of the key objectives of the Electricity Act, 2003 as amended from time to time (the Act). Power purchase cost constitutes the largest cost element for Distribution Licensees, Open Access consumers/persons.