HelioExpect
    UPC Renewables · Madhya Pradesh

    Deviation exposure down 32% across eight months.

    Eight consecutive months on a 300 MW AC asset settling under a 5% deviation band, comparing the first quarter of the window against the last.

    ClientUPC Renewables
    SiteMasaya Solar
    MarketMadhya Pradesh, India
    Capacity300 MW AC
    PeriodNovember 2025 – June 2026
    32%
    Exposure reduction
    5%
    DSM penalty band
    5.71%
    First 3 months avg
    3.86%
    Last 3 months avg
    8
    Months measured

    DSM penalty as a share of revenue, month by month

    Each point is one calendar month. The series is volatile rather than a smooth decline — best month December 2025 at 1.14%, worst November 2025 at 10.54%, and the final three months rise again.

    Context

    Masaya Solar is a 300 MW AC asset in Madhya Pradesh, run as two 150 MW parcels and settled under a 5% deviation band: nothing charged inside 5%, 10% charged between 5 and 10, and full charge beyond 10.

    Across eight consecutive months the plant delivered 431,817 MWh over 22,751 settlement blocks.

    What we did

    Day-ahead and intraday forecasting at 15-minute resolution, with every block scored against the band and rolled up monthly, so exposure could be tracked as a trend rather than assessed one bill at a time.

    Result

    Deviation charges averaged 5.71% of generation revenue across the first three months and 3.86% across the last three — a 32% reduction.

    The path there was not smooth. Exposure fell to 1.14% by December 2025, rose through spring, and closed at 6% in June. The last three months move upward, and that is the part of the picture worth acting on.

    DSM economics

    Revenue loss
    3.86%
    Penalty before
    ₹22449213
    Penalty after
    ₹16643216
    Reduction
    32%

    The applicable deviation settlement regulation is not recorded for this site.

    Operational impact

    • Exposure tracked as a monthly series rather than assessed one bill at a time
    • Bad months identifiable against the asset's own history instead of in isolation
    • The cost of a tighter settlement band quantified on real generation

    Next steps

    The last three months move in the wrong direction. Ramp-event handling and intraday revision cadence are what address it, and a further window will show whether the improvement holds.

    Talk to the team

    Methodology

    Eight calendar months, November 2025 to June 2026, at 15-minute settlement resolution. Penalty is the platform's own DSM calculation at the site PPA rate of ₹2,710/MWh under a 5% available-capacity band.

    The comparison is first-three-month mean against last-three-month mean. Single month endpoints are not used because this series is volatile enough that the choice of endpoint would determine the answer.

    Blocks
    22751 × 15 min
    Denominator
    generation revenue at the site PPA rate
    Baseline
    The same asset's own first three months in the window (Nov 2025 – Jan 2026)

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