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foreDAM, THE GAME CHANGER

foreDAM is the Hope for the financial turnaround in the power market of INDIA.

In spite of many Policy initiatives like Electricity Act, UDAY, Regulatory Commissions, the fact remains that about 1.2 Lakh Crores are outstanding from DISCOMs to generators and the entire sector is in huge stress. Unless the gap between ACP to ARR are filled up, the revival of the Sector is very difficult.

Day Ahead Electricity Markets (DAMs) in India are thin but growing. Out of the total electricity generated in a month about 6% are transacted through Day Ahead Market and Real Time Market of Power Exchanges.

The minimum, maximum and weighted Average prices for the electricity transacted in the DAM of IEX were Rs 1.00, Rs 6.00 and Rs 2.86 per unit in a typical month.

Exchange Volume in India being just 6% of the total Electricity market the forecasting of Prices is not mere a Science but it is more of an Art than science. Only statistical models will not work as the off take from exchange is highly dependent on the Prevailing and projected Power system data on D-2, D-1 and D day.
Almost all data’s pertaining to the planned outages of Generating plants, Transmission Lines, Forecasted Renewables, Infirm generations are in Public domain but not in one place. Only a very experienced and seasoned players can have access to all these valuable data’s for a very dependable Block wise Exchange Price.

During the latest 5 years, the revenue as percentage of cost was varying between 78% and 81%. This means, the weighted average tariff for all categories of consumers was about 20% lower than the weighted average cost of supply. For a Financial turnaround, Smart scheduling is the quickest solution ………. FOREDAM is your new Hope.

A good reference of likely Prices in DAM can enable you to optimise your Portfolio and can see your financials going North…….
Under the 100+ years of experienced eyes having dealt the DAM since its inception “foreDAM” product can be the game changer. foreDAM is AI enabled Day Ahead Market Price and Volume forecasting is Launched successfully on Auspicious day of Good Friday, 2nd April 2021.

Power Market Prediction

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