Proprietary Member is a grid connected entity who can trade for its own account, and clear the same Contracts as a Clearing Member.
A Proprietary Member shall also be entitled to undertake transactions on the Renewable Energy Certificates (REC) and Energy Saving Certificates (ESCerts).
Eligibility Criteria Entities that fall within one of the following categories are eligible to apply for proprietary membership
Networth The minimum networth requirement for the purpose of membership is 150 Lakhs.
Trader Member is an entity holding a valid and subsisting Interstate Trading License from the Central Electricity Regulatory Commission (CERC). Trader Member shall trade and clear for its own account or on behalf of its clients.
Such member shall be entitled to transact the electricity, right to which has been obtained through an agreement from a grid-connected entity. In such cases, the electricity trader will be treated as the client and the delivery shall be undertaken by the party on the other side of agreement i.e. grid connected entity.
A Trader Member shall also be entitled to undertake transactions on the Renewable Energy Certificates (REC) and Energy Saving Certificates (ESCerts).
Professional Member is an entity who is neither a grid connected entity nor holding a valid and subsisting Interstate Trading License. The Professional 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.
Professional Member can have clients which can be categorized as:
A Professional Member shall also be entitled to undertake transactions on the Renewable Energy Certificates (REC) and Energy Saving Certificates (ESCerts).
Proprietary Member means an entity who can trade RECs on its own behalf and clear the same Contracts as Clearing Member.
A Proprietary Member shall be entitled to undertake transactions in Renewable Energy Certificates (REC) and Energy Saving Certificates (ESCerts).
Eligibility Criteria Entities that fall within one of the following categories are eligible to apply for membership
Networth There is no minimum networth requirement for such members.
Trader Member means an entity holding a valid and subsisting Interstate Trading License from the Commission. Trader Member shall trade and clear on its own account or trade and clear on behalf of its clients.
A Trader Member shall be entitled to undertake transactions in Renewable Energy Certificates (REC) and Energy Saving Certificates (ESCerts).
Networth The minimum networth required for such members is Rs 50 Lakh.
Professional Member is an entity who 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.
A Professional Member shall be entitled to undertake transactions in Renewable Energy Certificates (REC) and Energy Saving Certificates (ESCerts).
Proprietary Member means an entity who can trade ESCerts on its own behalf and clear the same Contracts as Clearing Member.
A Proprietary member shall be entitled to undertake transactions only in the Energy Saving Certificates (ESCerts).
A Trader Member shall be entitled to undertake transactions only in the Energy Saving Certificates (ESCerts).
A Professional Member shall be entitled to undertake transactions only in the Energy Saving Certificates (ESCerts).