Indian power market faces increased regulation


As part of the rulings, the commission has ruled that any new contracts launched on either of India's two power exchanges must be approved by CERC.

The two exchanges, the Indian Energy Exchange and the Power Exchange of India, are now required to realign their rules and bylaws with the new regulations within three months. CERC has specified detailed capital structure and management structure of these exchanges.

Under the new regulations, exchanges must introduce a separate clearing corporation

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