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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.
