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Product definition |
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24 separate hour periods throughout the following
delivery day (D). |
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Trading system |
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IEX (Leased Line) |
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When to place orders |
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10:00 AM to 12:00 PM of previous day (D-1)
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Fixing times |
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15:00 hrs of D-1 (dispute settlement period:
30 min.) |
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Minimum volume |
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1 MW (Minimum allowable quantity for buy/sell
in the standing clearance, it should not be less than this quantity) |
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Minimum volume step |
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0.1 MW |
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Minimum quotation step |
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Rs. 1 per MWh |
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Quotation method |
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Closed auction (Market Clearing Price and
Market Clearing Volume calculation) by linear interpolation
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Order wording |
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Trader's ID, instrument, quantity/price combination |
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Delivery point |
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Periphery of Regional Transmission System
in which the grid-connected exchange entity, is located. |
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Settlement |
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Daily settlement at ACP* Volume traded. Final
settlement adjusted for any force majeure deviations. |
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Transmission charges |
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| a) |
Regional Transmission System:
As Per Central Electricity Regulatory Commission (Open
Access in inter-State Transmission) Regulations, 2008.
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| b) |
State Transmission System:
As per the concerned State Electricity Regulatory Commission’s
Regulations/ CERC (Open access) Regulations, 2008. |
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Transmission losses |
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Payable in kind from delivery point to its
grid connection point. |
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