Facilitator Member is an entity who is neither a grid connected entity nor holding
a valid and subsisting Interstate Trading License. The Facilitator
Member shall not be entitled to trade for itself but shall have the right to act
for and/on behalf of its clients and cannot clear contracts on the Exchange for
such clients.
Facilitator Member can have clients which can be categorized as:
- Grid-connected Client: A Client who is eligible to buy or sell electricity and is
connected to the grid. The entities include but are not limited to Distribution
Licensees, Generators and Open Access users.
- Trader Client: A Client who is eligible to trade in electricity under the Electricity
Act, 2003 and has a legally valid power purchase/sale agreement, which gives the
Client the right to purchase and sell electricity. The entities such as trading
licensees can become Trader Clients. All Clients shall have a grid-connected entity
for affecting the delivery of the electricity as cleared and settled by the Exchange.
A Facilitator Member shall also be entitled to undertake transactions on the Renewable Energy Certificates (REC) and Energy Saving Certificates (ESCerts).
Networth
The minimum networth requirement for the purpose of membership is 150 Lakhs.