Monday, October 20, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Six Of 13 States Barred From Bidding For Spot Power Now Allowed

by Vikas Srivastava
August 19, 2022
in Business
Reading Time: 2 mins read
A A
0
Home Business
Share on FacebookShare on Twitter


Six of the 13 states that India barred from shopping for energy within the spot market due to unpaid dues have been allowed to commerce on the exchanges, in keeping with an individual conscious of the event.

The states allowed to bid for spot energy embody Andhra Pradesh, Maharashtra, Chhattisgarh, Bihar, Jharkhand, and Manipur, the particular person instructed BQ Prime on the situation of anonymity as particulars will not be public but.

It wasn’t instantly clear if these states paid the dues.

The six states will come again to the real-time marketplace for commerce, the particular person quoted earlier stated.

Bidding restriction continues on Telangana, Tamil Nadu, Karnataka, Madhya Pradesh, Rajasthan, Jammu & Kashmir, and Mizoram.

The Ministry of Energy did not instantly reply to BQ Prime’s emailed queries. Telephone calls to cellular variety of the secretary within the ministry went unanswered.

The Energy System Operation Corp., beneath the Ministry of Energy, had requested three energy exchanges — IEX, PXIL and HPX — to limit electrical energy buying and selling by 27 distribution firms in 13 states having excellent dues in direction of energy producers, the PTI reported on Thursday.

The excellent dues to exchanges, in keeping with authorities’s knowledge, stood at Rs 5,085 crore as on Aug. 17.

The states have been barred from both shopping for or promoting energy within the spot market or transact bilaterally until they clear their excellent dues to energy turbines or transmission firms.

In keeping with the foundations launched in June, state distribution firms will lose entry to short-term sources of electrical energy in the event that they fail to pay inside two-and-a-half months from the date payments have been raised.

Following the restrictions on states, the volumes within the day-ahead market on the IEX dropped to 74 million models on Thursday in contrast with 130 million models a day earlier.

The volumes are anticipated to select up after the restricted six states come again to the real-time-market, a senior govt at IEX stated.





Source link

Tags: AllowedbarredBiddingPowerSpotStates
Previous Post

Is My Market About to Crash? The 5 Major Metrics to Look at

Next Post

Media and Games Invest SE: The Nomination Committee Proposes the Appointment of Deloitte Sweden as the New Auditor Following its Relocation to Sweden

Related Posts

Banks light up Diwali with cashback offers, rate cuts

Banks light up Diwali with cashback offers, rate cuts

by Euro Times
October 19, 2025
0

From cash-backs to reductions, zero foreclosures fees, sharply discounted processing charges and decrease rates of interest on provide for financial...

Blackstone’s Jonathan Gray warns investors are underestimating AI’s disruptive power (BX:NYSE)

Blackstone’s Jonathan Gray warns investors are underestimating AI’s disruptive power (BX:NYSE)

by Rob Williams
October 19, 2025
0

Roman Tiraspolsky/iStock Editorial through Getty PhotosBlackstone (NYSE:BX) president Jonathan Grey cautioned that buyers are overlooking how synthetic intelligence might render...

SRLN: A Good Anchor In Troubled Times That Drags During Rate Cuts (NYSEARCA:SRLN)

SRLN: A Good Anchor In Troubled Times That Drags During Rate Cuts (NYSEARCA:SRLN)

by SiliconBytes Insights
October 19, 2025
0

This text was written byComply withI've a B.Tech diploma in Mechanical Engineering from a high college in India. For almost...

Gold’s meteoric rise: Rally or red flag for 2025 investors?

Gold’s meteoric rise: Rally or red flag for 2025 investors?

by Euro Times
October 19, 2025
0

Spot gold within the London market breached $4,350 an oz. this week, marking a historic excessive. In India, costs have...

How The Silver Market Broke

How The Silver Market Broke

by Bloomberg News
October 19, 2025
0

One senior banker described how tempers rose as purchasers who had borrowed silver — usually corporations within the bodily provide...

Five funds to light up your Diwali: Three lumpsums and two SIPs

Five funds to light up your Diwali: Three lumpsums and two SIPs

by Euro Times
October 18, 2025
0

It has been a troublesome 13 months for buyers as a mixture of things has stored the market usually unstable...

Next Post
Media and Games Invest SE: The Nomination Committee Proposes the Appointment of Deloitte Sweden as the New Auditor Following its Relocation to Sweden

Media and Games Invest SE: The Nomination Committee Proposes the Appointment of Deloitte Sweden as the New Auditor Following its Relocation to Sweden

I thought my eight-year-old daughter was having a nightmare but what I saw on CCTV next morning chilled me to the bone

I thought my eight-year-old daughter was having a nightmare but what I saw on CCTV next morning chilled me to the bone

China’s economic growth likely slowed in third quarter

China’s economic growth likely slowed in third quarter

October 20, 2025
Autumn house price bounce is lower than usual in October, says Rightmove

Autumn house price bounce is lower than usual in October, says Rightmove

October 20, 2025
The Godfather of freight visibility plans to give small truckers “Superpowers”

The Godfather of freight visibility plans to give small truckers “Superpowers”

October 19, 2025
X is testing a new way of opening links without fully covering an X post, allowing users to see the Like, Repost, and other buttons, starting on iOS (Cheyenne MacDonald/Engadget)

X is testing a new way of opening links without fully covering an X post, allowing users to see the Like, Repost, and other buttons, starting on iOS (Cheyenne MacDonald/Engadget)

October 19, 2025
China accuses US of major cyber-attack — RT World News

China accuses US of major cyber-attack — RT World News

October 19, 2025
There are lessons from Nixon era in Trump’s bid to freeze spending

There are lessons from Nixon era in Trump’s bid to freeze spending

October 19, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

China’s economic growth likely slowed in third quarter

Autumn house price bounce is lower than usual in October, says Rightmove

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In