“PTC India has launched two new digital initiatives ‘Bijli Bazaar’ and ‘Bijli Vyapar’ at its annual Day which primarily aim to transform one’s day-to-day engagement with the Indian electricity market,” the company said in a statement.
‘Bijli Bazaar’, an information dissemination portal, available on web at www.bijlibazaar.in, will provide important information to citizens, market participants and government stakeholders on power market prices, volumes, trends and demand and supply.
It also provides information to open access-consumers on cost savings they can achieve by procuring power through open access. The initiative is also available as a mobile application at present only for Android mobile users and shortly will be launched for Apple mobile users.
The other initiative ‘Bijli Vyapar’, a utilitarian power trading tool, available on Android mobile phones and shortly on Apple mobile phones, is an application serving market participants trading power on the power exchanges.
Through this mobile application, Open Access users (those trading through PTC India) can place their bids on power exchange for sale and purchase of power through their mobile phones within a few clicks. The application serves to provide convenience, ease of business, and error free bidding to PTC clients trading power on exchanges.
Both the digital initiatives will continue adding more relevant features with time with an aim to encourage a whole new level of engagement between market makers and users.
The trading activities undertaken by PTC include long term trading of power generated from large power projects as well as short term trading arising as a result of supply and demand mismatches, which inevitably arise in various regions of the country.