Introduction
Power Trading has been recognized as distinct activity in the Electricity Act, 2003. To promote competitive power markets and trading of Power in an organized way, Central Electricity Regulatory Commission (CERC) in February’07 had issued guidelines for setting up and operating Power Exchanges. Power Exchange India Limited (PXIL) has been set up in response to these guidelines to provide an online platform for trading of Power. PXIL aims to start operations by Oct’08.
Promoters
PXIL is promoted by two of India’s biggest exchanges
- National Stock Exchange of India Limited (NSEIL)
- National Commodity & Derivatives Exchange Limited (NCDEX)
Key Features of the Exchange
- Nation-wide, electronic Exchange for trading of power
- Exchange will handle power trading and transmission clearance simultaneously
- Transparent, neutral and efficient electronic platform
- Trading to start with day-ahead contracts (all 24 hours)
- More contracts to be introduced subsequently
How it is different from the present bilateral trading
- No separate booking of Transmission Corridor required
- All the participants come to one single platform and get access to each other on a national basis
- Buyers and sellers can participate directly
- Trade Guarantee
- Exchange to guarantee payments to sellers
- Buyers - all confirmed trades on the exchange to be scheduled and deviations to be settled through UI
- Online Buying/Selling of Power
Who can participate
- Inter-State Generating Stations (ISGSs)
- Distribution Licensees
- IPPs, connected on ISTS
- CPPs & IPPs *
- Open Access Customers*
- Electricity traders
- State Generating Stations
- Banks, Financial Institutions (as Clearing Members)**
* With a clearance to be obtained from the concerned SLDC
** Clearing members to provide fund flow services to Trading Members
For more information on the exchange, membership and participation,
please contact: Himanshu Chandrakar +91 9821267978
Jignesh Mirani +91 9920215814
You can also write us at info@pxil.co.in