The Central Electricity Regulatory Commission recently approved Power Exchange India’s (PXIL) proposal to introduce high price bilateral market segment. The Commission also approved PXIL’s proposal to introduce the High Price Term-Ahead Market (HP-TAM) and contingency contracts. The central regulator directed GRID-INDIA to submit a report on the experience and performance of HP-TAM and HP-contingency contracts within three months from the date of introduction of these contracts.