About PUShP portal:
- A High Price Day Ahead Market (HP-DAM) and Surplus Power Portal (PUShP) was launched by the Ministry of Power.
- It was launched to ensure greater availability of power during the peak demand season at a price higher than the ceiling of Rs 12 per unit by certain category of sellers.
- The power distribution companies (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.
- This will reduce the fixed cost burden on the DISCOMs, and will also enable all the available generation capacity to be utilized.
What is Day Ahead Market?
- It is a physical electricity trading market where power is delivered within 24 hours of the next day starting from midnight.
- They are traded in 15 minute time blocks and the prices and quantum of electricity closed the auction bidding process.
