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The power Exchange
will have broad features as given below.
- Nationwide, Online and Electronic platform
- Voluntary participation.
- Neutral, Unbiased and Transparent
- Offer Day-Ahead Market(DAM)
- Exchange time-line consistent with time-line
of Load Despatch Centres
- The activities of the Exchange will be carried
out in accordance with the “Central Electricity
Regulatory Commission (Open Access in inter-State
Transmission) Regulations, 2008”, dated
25.01.2008, as revised from time to time and
Procedure for scheduling of collective transaction
issued by the Central Transmission Utility (PGCIL)
and the Bye-Laws, Rules and Business Rules of
the Exchange.
The Exchange shall offer products for different
time horizons so as to offer total solution
to the market participants. Honorable Commission
has desired the Exchange be a market based
institution. We propose to add variety in
terms of products offered and method of bid-matching
process and would evolve corresponding rules,
bye-laws for clearing, settlement, margins,
deposits, market surveillance etc.
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