DEEP e-bidding portal 

The first e-Bidding process through recently launched DEEP (Discovery of Efficient Electricity Price) e-Bidding Portal for Short term power procurement was concluded for the State of Uttarakhand and Kerala on 29.04.2016, for Torrent Power Ltd. on 03.05.2016 and for State of Bihar on 09.05.2016.

Secretary (Power) P K Pujari, that the process has resulted in substantial savings as the prices discovered through e-bidding are significantly lower than the prices at which power was procured during the similar period in the last year. For the State of Kerala, the lowest prices for the month of May in slot of the day have been discovered at 3.14 per unit while in the last year, Short term power in round the clock was procured at the rate of 4.70 per unit.

For the State of Uttarakhand, the lowest price for power for the month of July on round the clock basis was discovered at 2.59 per unit through reverse auction in e-Bidding process using the bidding portal. It may be noted that last year for the month of July, the lowest price at which short term power was procured by the Discoms in the State of Uttarakhand was 3.41 per unit.

For the State of Bihar, the lowest rate for the month of July, for slot of day, has been discovered at 3.08 per unit. No procurement was done in last two year through bidding by Discoms in the State of Bihar. These lower prices discovered through reverse auction in e-Bidding Process are expected to result in overall reduction of cost of procurement of power in the States and greater transparency in the auction process benefiting the ultimate consumers.

The DEEP e-Bidding& e-Reverse Auction portal for procurement of short term power by DISCOMs was launched on April 12 with the objective of introducing uniformity and transparency in power procurement by the DISCOMs and at the same time promote competition in electricity sector.
The short term procurement could be for a period of more than one day up to one year.

Currently out of total generation of around 91671.33MUs, above 10% (9215.24MUs) is transacted through short term through bilateral and through power exchanges etc. All states should put their power purchase data on the portal within one month. The scope of this portal will be further expanded soon to cover medium term and long term procurement of power.