Press Release (ePRNews.com) - NEW DELHI, India - Apr 05, 2016 - IndiaPowerTrading.info (“IPT”) a fast emerging data and analytics solutions provider in the Indian power market today announced the launch of a set of Application Programming Interfaces (APIs) to simplify access to Indian power market data and feeds. The web API service offers developers a high degree of flexibility and plethora of options to create their own customised applications.
Increased competition in power procurement through medium and short-term markets remains a major hurdle for industries and commercial entities. Discoms, on the other hand, face the challenge to improve financial and operational efficiency through utilisation of all available power sources, including long-term market. Generators face the challenge to maximise profits in a highly regulated sector of the economy. Thus, access to timely, accurate and concise data is paramount.
The APIs, central to IPT’s Web Services, serve as single point destination for data assistance in the Indian power market. Users can access a whole range of parameters that affect power trading and renewable energy certificate markets. In addition to the data directly available from the power exchanges, APIs also exist for fetching data, in real-time, from several state and central level regulatory bodies.
Sanand Sule, Head of Technology Solutions team of IndiaPowerTrading.info said, “IPT Web Services achieve country-wide standardization of big power data by aggregating and crunching it every minute from more than 100 non-standard web and file sources, and offering it as a simple REST API. This, coupled with high availability, accuracy and data security, drastically reduces traders’ research and decision time. IPT Web Services offer an easily consumable data resource to developers who can perform advanced analytics and visualizations, which could give rise to next generation software for the power sector.”
Some of the unique data services offered through the APIs include the list of major buyers and sellers in the collective as well as the bilateral power markets, and prices of the bilateral power transactions across time ranges.
Applauding this achievement of the Technology Solutions team of IndiaPowerTrading.info, Saurabh Shrivastava (Head-Power Markets) said, “The launch of IPT Web Services marks a critical milestone in our path to offer industry-first and state-of-the-art solutions to the stakeholders of the Indian power market. These APIs bring the pulse of the Indian power market to the stakeholders’ mobile or desktop which enables them to take informed yet prompt business decisions.”
IndiaPowerTrading.info is an online information & analytics platform, to facilitate the Indian Power Market stakeholders (buyers, sellers, IPPs, traders and other information seekers) with latest real-time market insights. We believe ‘Information is Power’ and the right information at right time synergizes to possess the desired business edge and improved profitability. IndiaPowerTrading.info is powered by Climate Connect Limited.
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