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Science & Tech., Economy
Mahesh

11/03/23 09:10 AM IST

Central Government launches High Price Day Ahead Market and Surplus Power Portal (PUShP)

In News
  • The Central Government has launched a High Price Day Ahead Market and Surplus Power Portal (PUShP) – an initiative to ensure greater availability of power during the peak demand season.
About PUSHP Portal
  • The surplus power portal is a one-of-its-kind initiative, reflecting the ingenuity of the Ministry of Power and the Regulator.
  • Distribution Companies have tied up long term PPAs for power supply.
  • They have to pay fixed charges even when they do not schedule the power.
  • Now the DISCOMs will be able to indicate their surplus power in block times / days / months on portal.
  • Those DISCOMs who need power will be able to requisition the surplus power.
  • The new buyer will pay both variable charge (VC) and fixed cost (FC) as determined by Regulators.
  • Once power is reassigned, the original beneficiary shall have no right to recall as entire FC liability is also shifted to the new beneficiary.
  • Financial liability of new buyer shall be limited to quantum of temporary allocated / transferred power.
Source- PIB

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