cerc short trading11october

8/22/2019 Cerc Short Trading11october

1/27

(TOBEPUBLISHEDINTHEGOVERNMENTOFINDIAEXTRAORDINARYPARTIIISECTION4)

CENTRALELECTRICITY

REGULATORY

COMMISSION

NEWDELHI

NOTIFICATION

Datedthe11th

October,2012

No.L7/143/158/2012CERC: In exercise of powers conferred under section 178 of the

Electricity Act, 2003 (Act No. 36 of 2003) and all other powers enabling it in this behalf, and

after previous publication, the Central Electricity Regulatory Commission hereby makes the

following regulations, to amend Central Electricity Regulatory Commission (Procedure, Terms

and

Conditions

for

grant

of

trading

licence

and

other

related

matters)

Regulations,

2009,

(hereinafterreferredtoasthePrincipalRegulations),namely:

1.Shorttitleandcommencement: (1)TheseregulationsmaybecalledtheCentralElectricity

RegulatoryCommission(Procedure,TermsandConditionsforgrantoftradinglicenceandother

relatedmatters)

(First

Amendment)

Regulations,

2012.

(2) These regulations shall come into force with effect from the date of their publication in the

Official Gazette.

2.

Amendment

of

Regulation

2

of

Principal

Regulations:

(1) Subclause(g)ofclause(1)ofRegulation2ofPrincipalRegulationsshallbesubstitutedas

under,namely:


2/27

(2) Subclause(k)ofclause(1)ofRegulation2ofPrincipalRegulationsshallbesubstituted

asunder,namely:

(k) interState trading means purchase of electricity from one State for resale in

another State and includes electricity imported from any other country for resale

within India or exported to anyother country subjectto compliance with applicable

lawsandclearancebyappropriateauthorities.

(3)A

new

sub

clause

(ki)

shall

be

inserted

after

sub

clause

(k)

of

clause

(1)

of

Regulation

2of

PrincipalRegulationsasunder,namely:

(ki)intraStatetradingmeanspurchaseofelectricityforresalewithinthe

territory

of

the

same

State;

(4) Subclause(m)ofclause(1)ofRegulation2ofPrincipalRegulationsshallbesubstitutedas

under,namely:

(m) licenseemeans a person who has beengranted licence for interState trading

under

section

14

of

the

Act:

Provided that if any licensee undertakes intraState trading based on the licence

for interState trading granted by the Commission, the licensee shall be regulated

undertheseregulationsforthepurposesasspecifiedwhichshallbeinadditiontoand

notinderogationofanyregulationsonintraStatetradingspecifiedbytheconcerned

StateCommission;


3/27

Provided that the applicant should have been authorized to undertake trading in

electricityinaccordancewithitsconstitutional/organizationaldocumentssuchasthe

MainObjectsintheMemorandumofAssociation(incaseofacompanyincorporated

undertheCompaniesAct,1956)orthePartnershipDeed(incaseofapartnershipfirm

registeredundertheIndianPartnershipAct,1932)ortheconstitutionaldocumentsof

LimitedLiabilityPartnerships underLimitedLiabilityPartnershipAct,2008.

(2)

Clause3of

Regulation

3of

the

Principal

Regulations

shall

be

substituted

as

under,

namely:

(3)CapitalAdequacyandLiquidityRequirements:

(a) Considering the volume of interState and intraState trading proposed to be

undertaken by the applicant on the basis of the interState trading licence, the

minimumnetworthoftheapplicantonthedateofapplication,asperauditedspecial

balance sheet accompanying the application, shall not be less than the amounts

specifiedhereunder:

Categoryof

the

TradingLicenceVolume

of

electricity

proposed

tobetradedinayearincluding

intraStatetrading,where

applicable

MinimumNet

Worth(Rs.In

crore)

CategoryI NoLimit 50.00

CategoryII Notmorethan1500MUs 15.00

CategoryIII Notmorethan500MUs 5.00

Category

IV

Not

more

than

100

MUs

1.00

(b)Anapplicantshallberequiredtomaintainthenetworthasspecifiedinthisclauseatall

times:

Provided that if an existing licensee is required to possess the networth requirement of any


4/27

proposedtobetradedduring201213supportedbyspecialbalancesheetason31stAugust

2012.

(c)The applicant shall have minimum current ratio of 1:1 and liquidity ratio of 1:1 on the

dateofauditedspecialbalancesheetaccompanyingtheapplication.

Note:Thenetworthandthecurrentandliquidityratiosspecifiedinthisregulationshallbe

computed on the basis of the audited balance sheet prepared in accordance with the

financialreportingframeworkprescribedundertheCompaniesAct,1956.

4. AmendmentofRegulation4ofthePrincipalRegulations

(1)

Clause(c)

of

Regulation

4of

the

Principal

Regulations

shall

be

substituted

as

under:

(c) Anorderrevokingthelicenceoftheapplicant,oranyofhisassociates,orpartners,

or promoters, or Directors, has been passed by the Commission for the reasons

mentioned in subsection (1) of section 19 of the Act and a minimum period of three

yearshasnotpassedfromthedateofsuchrevocation;or

(2) Clause(e)oftheRegulation4ofthePrincipalRegulationsshallbesubstitutedasunder,

namely:

(e) WhereanapplicantoranyofhisassociatesorpartnersorpromotersorDirectors

has in the past been found guilty in any proceedings for noncompliance of any of the

provisionsof

the

Act

or

the

rules

or

the

regulations

made

thereunder

or

an

order

made

bytheCommission,theapplicantshallbedebarredfromapplyingfortradinglicencefora

maximumperiodofthreeyears from thedatesuchnoncompliancewas establishedby

anorderoftheAppropriateCommission:


5/27

(3) A new clause (f) shall be added to Regulation 4 to the Principal Regulations as under,

namely:

On the date of application or thereafter, if any proceeding for noncompliance of any

provision of the Act, or the Rules or the Regulations framed thereunder or for non

compliance of the order of the Commission is initiated against the applicant, the

applicationshallbeconsideredafterthefinaldisposaloftheproceedings:

Provided

that

where

the

applicant

is

found

guilty

of

noncompliance

in

the

proceeding, its application shall be dealt with in accordance with Clause (e) of this

regulation.


(1) Subclause (a) of clause (1) of Regulation 6 of the Principal Regulations shall be

substitutedasunder,namely:

(a)suchfeeasmaybeprescribedbytheCentralGovernment fromtimetotimeand

payablethroughNEFT/RTGSonlyaspertheprocedurespecifiedinCentralElectricity

Regulatory

Commission

(Payment

of

Fees)

Regulations,

2012

or

any

subsequent

enactmentthereof.

(2) Subclause (b) of clause (1) of Regulation 6 of the Principal Regulations shall be


(b) Copies of the annual reports in case of the persons incorporated under the

Companies Act, 1956 (1 of 1956) and audited accounts along with the Directors

Report, Auditors Report, the Schedules and notes on accounts for one year


6/27

(3)Subclause(i)ofclause(4)ofRegulation6ofthePrincipalRegulationsshallbesubstitutedas

under,namely:

(i) Networth,currentratioandliquidityratiooftheapplicantason thedateofthe

auditedspecialbalancesheetaccompanyingtheapplication;

(4) Anewsubclause(t)shallbeaddedaftersubclause(s)ofclause(4)ofRegulation6of

thePrincipalRegulations,asunder,namely:

(t) Astatementonaffidavit incase theapplicant is inpossessionofany intraState

tradinglicence

and

the

details

of

the

volume

of

trading

allowed

(in

Million

Units)

as

per

thesaidlicence.


(1) Thefollowingprovisoshallbeaddedafterthesecondprovisotoclause(b)ofRegulation

7ofthePrincipalRegulations,namely:

Provided also that a licensee may make an appropriate Application accompanied by

prescribedfeesforupgradationof its licencetoahighercategoryordowngradationof

itslicence

to

alower

category

ifit

fulfills

the

conditions

of

these

regulations

for

grant

of

suchlicencebutitshallnotberequiredtofollowtheprocedurespecifiedinRegulation6

oftheseregulations:

Provided further that the licensee shall be heard by the Commission before taking a


7/27

"Provided that where it is established on the basis of regulatory audit carried out in

accordancewithclause(3)ofRegulation8oftheseregulationsthatthelicenseehascharged

tradingmarginabovetheceilingspecified intheCentralElectricityRegulatoryCommission

(FixationofTradingMargin)Regulations,2010,theCommissionmaydirectdisgorgementof

excessmarginalongwithinterest,attherateasmaybespecifiedbytheCommission,after

givinganopportunityofhearingtothelicensee."

(3) In clause (m) of Regulation 7 of the Principal Regulations, after the words pay the

licencefee,thewordsbythestipulateddateshallbeadded.

(4) Clause(p)ofRegulation7ofPrincipalRegulationsshallbesubstitutedasunder,namely:

(p) The licensee shall maintain up to date record of all trading transactions

undertaken by him, separately for OTC interState transactions, OTC intraState

transactions, if any, made on the basis of interState trading licence and transactions

throughthepowerexchange.

(5) Threenewclausesshallbeaddedafterclause(r)ofRegulation7ofPrincipalRegulations

asunder,namely:

(s) The licensee shall immediately but not later than one month report to the

Commission

any

change

in

the

networth

which

makes

it

ineligible

to

continue

in

the

categoryforwhichthelicencehasbeengranted.

(t) The licensee shall not at any time transfer or assign its license in any manner


8/27

Provided further that the licensee shall make an appropriate application before the

Commissioncontainingthedetailsofthepersontowhomthe licence isproposedtobe

transferredorassigned, itseligibilitytoholdthe licenceundertheseregulationsandan

affidavit from the proposed transferee or assignee that it will abide by the terms and

conditions of licence and comply with the provisions of the Act, Rules and regulations

madethereunderandtheordersoftheCommissionasmaybeissuedfromtimetotime:

Provided

also

that

the

licensee

shall

be

required

to

publish

in

brief

in

two

daily

newspapershavingcirculation ineachofthe fiveregions inadditiontothosepublished

fromDelhi,includingoneeconomicdailynewspaperaboutitsapplicationfortransferor

assignmentofitslicenceandinvitesuggestions/objectionswithin30daysandsubmitthe

copies of the publication along with its response to the suggestions/objections, if any,

within45daysfromthedateofpublication.

(u) ThelicenseeshalldesignateoneofitsofficersasComplianceOfficerwhoshallbe

the nodal officer for communication with the Commission and shall be responsible for

compliance with all matters pertaining to the terms and conditions of the licence, the

provisions

of

the

Act

and

the

regulations

of

the

Commission.

The

licensee

shall

vest

adequatefreedomandpowersinitsComplianceOfficerfortheeffectivedischargeofhis

dutiesundertheseregulations.

7. AmendmentofRegulation8ofPrincipalRegulations

(1) In subclause (e) of clause (1) of Regulation 8 of Principal Regulations, the words

accounting statement shall be substituted with the words audited annual financial

statement.


9/27

(3) TheCommissionmay, ifconsiderednecessary,appointauditorsand/orexpertstocarry

out regulatory audit to investigate into the compliance of the terms and conditions of the

licenceby

the

licensee

in

accordance

with

Section

128

of

the

Act

and

in

such

cases,

the

cost

of

auditshallbepaidbytheCommissionandrecoveredfromthelicensee.

8. AmendmentofRegulation9ofPrincipalRegulations

(1) Clause(b)ofRegulation9ofPrincipalRegulationsshallbesubstitutedasunder:

(b) furnishmonthlyinformationinFormsIVA,IVB,IVC,IVD,IVE,IVF,IVGandIVH

in respect of interState trading, intraState trading, trading through power exchanges

andlong

term

trading,

cross

border

trading

and

banking

transactions

so

as

to

reach

the

Commissionbefore15th

ofthesucceedingmonth:

ProvidedthattheinformationsenttotheCommissionshallbepostedonthewebsite

ofthe licenseeby15th

ofthesucceedingmonth,andsuchreportshallbeavailableon

thewebsitefornotlessthantwoyears.

(2) Three new clauses shall be added after clause (b) of Regulation 9 of Principal

Regulationsandshallbenumberedasclauses(ba),(bb)and(bc)asunder,namely:

(ba) Submit open position report on a monthly basis as per Form IVI for risk

monitoringpurpose:

Providedthat information involvingcommercialconfidenceshallnotbeaccessibleto

themembersofthepublic.

(bb) Submit information regarding OTC Contracts on weekly basis as per Form IV J


10/27

transacted on Power Exchange and the total trading margin charged thereon, total

volumesofRenewableEnergyCertificatestransactedandmarginchargedthereonand

complete list of Buyers and Sellers in the above categories, certified by Chartered

AccountantorCostAccountantby31stMayeveryyear:

Provided that the above information shall be submitted by the licensee without

prejudicetothesubmissionoftransactionwiseinformationasperFormsIVA,IVB,IV

C,

IVF,

IVG

and

IV

H

for

compliance

of

Central

Electricity

Regulatory

Commission

(FixationofTradingMargin)Regulations,2010.

(3) ThewordsandintraStateshallbeaddedafterthewordinterStateinclause(c)of

Regulation9ofPrincipalRegulations.

(4)

A

new

clause

(ca)

shall

be

added

after

the

clause

(c)

of

Regulation

9

of

Principal

Regulations,namely:

(ca) Theinformationasrequiredunderclauses(b)to(bc)ofthisregulationshallalso

befurnishedbythedeemedtradinglicenseesasdefinedinsection14oftheActforthe

purpose

of

monitoring

inter

State

trading

transactions;

(5) A new subclause (v) shall be added under clause (d) of Regulation 9 of the Principal

Regulationsasunder,namely:

(v) Whereanyproceedinghasbeeninitiatedinanycourtoflawagainstthelicensee

for

material

breach

of

any

law

or

before

the

Appropriate

Commission

for

contravention

of the Act, the Rules and Regulations made thereunder or noncompliance with the

ordersand directionsoftheCommissionoroftheStateCommissions.


11/27

(3) The licenseeshalldisplayon itswebsite(i)thevolumeof interStateand intra

Statetrading,ifany,onmonthlybasis;(ii)trading licencesheldbyit;(iii)petitionsfiled

before the Commission and the orders including interim orders, if any, issued by the

Commissiontoensuredisseminationofinformationtoitsclients.


(1) TheProvisostosubclause(g)ofclause(1)ofRegulation14shallbedeleted.

(2) Anewsubclause(h)shallbeaddedaftersubclause(g)ofclause(1)ofRegulation14of

thePrincipalRegulations,namely:

(h)Where

the

licensee

has

failed

to

pay

the

fees

by

the

due

date

as

per

the

Central

ElectricityRegulatoryCommission(PaymentofFee)Regulations,2012orothercharges

requiredbyitslicenceoranypenaltyimposedbytheCommission;

(3) The existing clauses (2) and (3) of Regulation 14 of Principal Regulations shall be


(2) IftheCommission,aftermakinganenquiry, issatisfiedthatanyofthegrounds

for revocation as mentioned in clause (1) exists and public interest so requires, the

Commission may revokethe licence subjectto such termsandconditions as may be

deemedappropriate:

ProvidedthattheCommissionhasgivenanoticeofnotlessthanthreemonthstothe

licensee stating the grounds on which it is proposed to revoke the licence and has

considered the cause shown by the licensee within the period of notice against the


12/27

conditionssoimposedshallbedeemedtobetermsandconditionsofthelicenceand

shallbebindingonthelicensee.

(3) Where the licensee makes an application for revocation of licence, the

applicationshallcontainthefollowinginformationanddocuments:

(a) reasonsforseekingrevocation;

(b)

anaffidavit

to

the

effect

that

the

licensee

has

deposited

the

licence

fee

for

the

year inwhichrevocation issought;thattherearenoundischarged liabilitiesagainst

the licensee; that that there are no operative contracts for trading of electricity to

whichtheapplicantisapartyatthetimeoffilingthesaidapplication;

(c) anaffidavittotheeffectthattheapplicanthaspostedthecompleteapplication

onitswebsiteandshallkeeptheapplicationuploadedonitswebsitetillitsdisposalby

theCommission;

(d) documents showing that the licensee has published the notice about its

application for revocation in two daily newspapers having circulation in each of the

five

regions

in

addition

to

those

published

from

Delhi

including

one

economic

newspaper;

(4) Where the Commission, after considering the application made in accordance

withclause(3),issatisfiedthatpublicinterestsorequires,theCommissionshallrevoke

the

licence,

as

to

the

whole

or

any

part

of

the

area

of

trading

upon

such

terms

and

conditionsastheCommissionmayconsiderappropriate;

(5) Where the licence is revoked under clauses (2) and (4) of this regulation, the

Commission shall serve a notice of revocation on the licensee and fix a date from


13/27

CHAPTER5A

CONTRAVENTIONANDPENALTIES

(2) ThreenewRegulationsshallbemadeunderChapter5Aasunder,namely:

14A. ContraventionbyLicensee

(1)Contraventions of the provisions of the Act, Rules and Regulations framedthereunder

and

non

compliance

of

the

orders

of

the

Commission

by

alicensee

shall

be grouped under two categories such as serious contraventions and nonserious

contraventions.

(2)Seriouscontraventionsshallcoverthefollowing:

(a)

Violations

and

non

compliance

of

the

provisions

of

the

Act,

Rules

and

the

Regulations specified by the Commission, particularly, Central Electricity

Regulatory Commission (Procedure, Terms and Conditions for grant of trading

licence and other related matters) Regulations, 2009, Central Electricity

Regulatory Commission (Fixation of Trading Margin) Regulations, 2010, Central

Electricity

Regulatory

Commission

(Indian

Electricity

Grid

Code)

Regulations,

2010, Central Electricity Regulatory Commission (Grant of Connectivity, Long

term Access and Mediumterm Open Access in interState Transmission and

related matters) Regulations, 2009, Central Electricity Regulatory Commission

(Open Access in interState Transmission) Regulations, 2008, Central Electricity

Regulatory

Commission(Payment

of

Fees)

Regulations,

2012,

Central

Electricity

RegulatoryCommission(PowerMarket)Regulations,2010andasamendedfrom

timetotimeoranysubsequentamendmentthereof;

(b) D lib d i f i l i hl i


14/27

(d) anywillful,repeatedandpersistentviolationofnonseriouscontraventions

committedbythelicensee.

(e)Nonpaymentofthe licence feesandsurcharge ifapplicablewithinthedue

dateasspecifiedinCentralElectricityRegulatoryCommission(PaymentofFees)

Regulations,2012.

(3)The following contraventions by a licensee shall be treated as nonseriouscontravention:

(a)nonsubmissionordelayinsubmissionofanyreportrequiredtobesubmittedby the licensee under any of the regulations mentioned in subclause (a) of

clause(2)ofthisregulation;

(b)delay in submission of monthly transaction information sought under clause(b)ofRegulation9;

(c) delayinsubmissionofanyotherinformationsoughtbytheCommission;(d)failure to make mandatory disclosures or reporting in accordance with the

provisotoclause(b)ofRegulation9oftheseregulationonlicenseeswebsite;

14B. Procedurefortakingcognizanceofthecontraventions

(1) The Commission, on being satisfied on the basis of the information in its

possessionoronthebasisoftheinformationsubmittedbyanypersonthataprimafacie

case

exists

against

any

licensee

under

any

of

the

provisions

of

Regulation

14A,

shall

initiate suomotu proceedings against the licensee and shall direct the licensee to

submit such information and explanation as may be considered necessary for the

purpose of the proceeding;


15/27

Regulations,2012andthesevendaysperiodshallbedeemedtobeanoticeunderthis

regulation:

Providedfurtherthatthelicenceshallbedeemedtobesuspendedafterexpiryofseven

daysfromtheduedateofpaymentandshallremainsuspendedtillthepaymentoffees

andsurcharge,ifany,ismadeorsuspensioniswithdrawn.

(2) No penalty shall be imposed on the licensee without giving an opportunity of

hearing.

(3) ThepenaltiesifanyshallbeimposedinaccordancewithRegulation14Cofthese

regulations.

14C. PenaltiesforContraventionandnoncompliance

(1)

Where

the

charge

of

serious

contraventions

is

established

against

the

licensee,

the

Commissionmay:

(a) direct thatthe licensee shallpay,bywayof penalty, asumwhichshallnotexceedrupeesonelakhforeachcontravention;

and/or

(b) debar the licensee, from trading in short term market or medium termmarketorthroughpowerexchangesforaperiodnotexceeding oneyear;or

(c) suspendthelicencefortradinginelectricityforaperiodnotexceeding oneyear;or

(d) revokethelicenceofthelicensee;or(e) issue such other directions or impose such other condition as the

Commissionmaydeemappropriate.

Provided that in case of debarment or suspension NLDC or concerned RLDC or SLDC as


16/27

(2) Where the charge of nonserious contravention has been established against thelicensee,theCommissionmay:

(a) givewarningtothelicenseesubjecttosuchconditionsasmaybedeemedfitinthefactsandcircumstancesofthecase;or

(b) direct thatsuch personshallpay,bywayofpenalty,a sumwhichshallnotexceedrupeesonelakh;or

(c) issue such other directions or impose such other conditions as theCommission maydeemappropriate

12. AmendmentofChapterVIofthePrincipalRegulations:

(1)

"Chapter

VI"

shall

be

renamed

as

"Chapter

6".

(2) Thetableunderclause(1)ofRegulation15shallbesubstitutedasunder:

CategoryofLicence

(As per Notification dated

6.2.2004)

CategoryofLicence


24.2.2009)

CategoryofLicence


7.6.2010)

F(Above1000MUs) I(Nolimit) I(Nolimit)

E(between700and1000MUs) II(Notmorethan1500MUs)

D(between500and700MUs)

C(between200and500MUs) II(Notmorethan500MUs) III(Notmorethan500MUs)

B(between100and200MUs)

A

(Upto

100

MUs)

III

(Upto

100

MUs) IV

(Not

more

than

100

MUs)


17/27

Note:PrincipalRegulationswerepublishedon24.2.2009inPartIII,Section4oftheGazetteof

India(Extraordinary)No28andamendedintermsof:

(a) Central Electricity Regulatory Commission (Procedure, Terms and Conditions for grant of

trading licence and other related matters) (Amendment) Regulations, 2009 published in

GazetteofIndia(Extraordinary)PartIIISection4dated2.6.2009;

(b) Central Electricity Regulatory Commission (Procedure, Terms and Conditions for grant of

tradinglicenceandotherrelatedmatters)(SecondAmendment)Regulations,2009publishedin

GazetteofIndia(Extraordinary)PartIIISection4No.197dated23.10.2009;and

(c) Central Electricity Regulatory Commission (Procedure, Terms and Conditions for grant of

trading licence and other related matters) (First Amendment) Regulations, 2010 published in

GazetteofIndia(Extraordinary)PartIIISection4No.152 dated7.6.2010.


18/27

Page18of27

Form IV-A

Start date

(DD/MM/

YYYY)

End date

(DD/MM/

YYYY)

Start

Time

(HH:MM)

End Time

(HH:MM)

Name of

the Seller

Category State Name of

the Buyer

Category State

A

1

2

3

B

1

2

3

C

1

2

3

*RTC=Roud The Clock (24 Hours i.e. from 00:00 to 24:00)Note:(1)Datashallbesubmittedtransaction-wiseandshouldnotbeaggregated.

Note:(2)Indicatethenamesandthecategoryoftheseller/buyernamelygenerator,captivepowerplant,distributionlicensee,Government,

industrialopenaccessconsumer,commercialopenaccessconsumer,trader(whenapplicable)etc.

Note:(3)Datashallbepostedonthewebsiteoftheelectricitytraderoranyotherauthorisedwebsite(Nameofthelinkonthehomepage:

StatutoryInformation)

Note:(4)Datashallbesubmittedonamonthlybasisby15thofthefollowingmonthtotheCommission,RegionalLoadDispatchCentreand

RegionalPowerCommittee

Note:(5)DatashallbesubmittedtotheCommission i.e.hardcopytoSecretary,CERC andsoftcopyinanExcelSheetbyE-mail:

Note:(6)FullformoftheabbreviationsusedforNameoftheSeller/Buyeretc.shallbeprovidedattheendoftheTable.

ShortTermTransactionmeanswhere period of contract of the licensee with both the seller and the buyer is up to 1 year

(a)

Where S stands for Seller, T stands for Trader and B stands for Buyer.

Inter State Trading Transactio ns

Inter State Trading Transactions through Swapping or Banking Arrangement

Cross Border Transactions

Short-term Inter-State Transactions of Electr icity by Trading Li censees ( RTC*)Name of the Trading Licensee:

Month:

Trading

Margin

(`/kwh)Sale Price

(`/kwh)Period of Power Delivery Purchase

Price

(`/Kwh)Purchased from Sold toSr.No Scheduled

Volume

(MUs)

Licence Details (No & Date) :

Time of Power

Delivery


19/27

Page19of27

Form IV-B

Start date

(DD/MM/

YYYY)

End date

(DD/MM/

YYYY)

Start

Time

(HH:MM)

End Time

(HH:MM)

Name of

the Seller


the Buyer

Category State

A

1

2

3

B

1

2

3

C

1

2

3

*Peak=Peak Period (Evening Peak from 17 :00hrs to 23 :00hrs). Peak period may be revised by the Commission form time to time

Note:(1)Datashallbesubmittedtransaction-wiseandshouldnotbeaggregated.








Note:(6)

Full

form

of

the

abbreviations

used

for

Name

of

the

Seller/Buyer

etc.

shall

be

provided

at

the

end

of

the

Table.


(a)



Short-term Inter-State Transactions of Electrici ty by Trading L icensees ( Peak*)Name of the Trading Licensee:


Month:

Sr.No Period of Power Delivery Time of Power

Delivery

Scheduled

Volume

(MUs)

Purchased from Sold to Purchase

Price

(`/Kwh)Sale Price

(`/kwh)Trading

Margin

(`/kwh)




20/27

Page20of27

Form IV-C

Start date

(DD/MM/

YYYY)

End date

(DD/MM/

YYYY)

Start

Time

(HH:MM)

End Time

(HH:MM)

Name of

the Seller


the Buyer

Category State

A

1

2

3

B

1

2

3

C

1

2

3

Note:(1)

Data

shall

be

submitted

transaction

-wise

and

should

not

be

aggregated.










(a)



Short-term Inter-State Transactions of Electrici ty by Trading Li censees ( Other than Peak & RTC)Name of the Trading Licensee:

Licence Details (No & Date) :Month:

Sr.No Period of Power Delivery Time of Power

Delivery

Scheduled

Volume

(MUs)

Purchased from Sold to Purchase

Price

(`/Kwh)Sale Price

(`/kwh)Trading

Margin

(`/kwh)




21/27

Page21of27

Form IV-D

Start date

(DD/MM/

YYYY)

End date

(DD/MM/

YYYY)

Name of

the Seller

Category State Name of the

Buyer

Category State

A

1

2

3

B

1

2

3

C

1

2

3

Note:(1)Datashallbesubmittedtransaction-wiseandshouldnotbeaggregated.



Note:(3)Datashallbepostedonthewebsiteoftheelectricitytraderwithlinkonthehomepageasstatutoryinformation

Note:(4)

Data

shall

be

submitted

on

amonthly

basis

by

15th

of

the

following

month

to

the

Commission,

Regional

Load

Dispatch

Centre

and




LongTermtransactionmeans(a) where period of contract of the licensee with the seller is more than 1 year and with the buyer is up to 1 year

(b) where period of contract of the licensee with both the seller and the buyer is more than 1 year

(c) where period of the contract of the licensee with the seller is up to 1 year and with the buyer is more than 1 year

(a)

(b)

(c)



Name of the Trading Licensee:

Month:

InterStateTradingTransactions

InterStateTradingTransactionsthroughSwappingorBankingArrangement

CrossBorderTransactions

Long-term Inter-State Transactions of Electricity by Trading Licensees

Period of Power DeliverySr.No Scheduled

Volume

(MUs)

Purchased from Sold to Sale Price

(`/kwh)


22/27

Page22of27

Form IV-E

Name of the Trading Licens ee:

Month:

Sr. No. Total

Transacted

Volume

(Mus)

State

1

2

3

4

1

2

3

4

Note: (1) Total Transacted Volume shall be aggregated for all transactions within each state

Note: (2) Name of the parties and the price of these transactions are not required.

ShortTermTransactionmeans(a) where period of contract of the licensee with both the seller and the buyer is up to 1 year

(a)

LongTermtransactionmeans(a) where period of contract of the licensee with the seller is more than 1 year and with the buyer is up to 1 year

(b) where period of contract of the licensee with both the seller and the buyer is more than 1 year

(c) where period of the contract of the licensee with the seller is up to 1 year and with the buyer is more than 1 year

(a)

(b )

(c)


Intra-State Transactions of Electricity by Trading L icensees

Long Term Transactions

Short Term transactions


23/27

Page23of27

Form IV-F

Month:

Name of Seller/

Name of PX

State Name of Buyer /

Name of PX

State

1

2

3

4

5

6

7

8

9

10

Note:TradingMarginshallbechargedforeach15minutescontractseparately.However,thereportingshallbemadeon

daywisebasis

inlight

of

the

large

volume

of

data.

Margin charged

when MCP is

lesser than or

equal to `3/Kwh(`/Kwh)

Margin charged

when MCP is

greater than

`3/Kwh (`/Kwh)

Margin charged

when MCP is lesser

than or equal to

`3/Kwh (`/Kwh)

Margin charged

when MCP is

greater than

`3/Kwh (`/Kwh)1

2

3

4

5

6

7

8

IEX PXIL

Sr.No

Name of the

Client

Day Ahead Power Exchange Transactions of Electricity by Trading Licensees

Sr.No Total Scheduled

Volume (MUs) for

each client

Purchased from Sold toDate of

Delivery

(DD/MM/YYYY)

Name of the Trading L icensee:


24/27

Page24of27

Form IV-G

Start date

(DD/MM/

YYYY)

End date

(DD/MM/

YYYY)

Start Time

(HH:MM)

End Time

(HH:MM)

Name of

Seller

State Name of

Buyer

State

A

1

2

3

B

12

3

C

1

2

3

D

1

23

Note:AnyotherContractonthePowerExchangeshouldbeincludedasandwhenitintroduced.

Intra-Day Cont racts

Day-Ahead Conti ngency Cont racts

Daily Contracts

Weekly Contracts

Term Ahead Power Exchange Transactions of Electricity by Trading L icenseesName of the Trading Licensee:

Month:Sr.No Period of Power Delivery

Scheduled

Volume

(MUs)

Purchased from Sold to

Transaction

Price (`/Kwh)Name of Power

Exchange (IEX/

PXIL)

Trading

Margin

(`/kwh)

Time of Power Delivery


25/27

Page25of27

Form IV-H

Sr.No. NameofRECClient ClientType(Renewable

generator/ObligatedEntities)

NameofPower

Exchange

Volume(RECs)

MarketClearing

Price(`/REC)

TradingMargin

(`/KWh)

1

2

3

4

1

2

3

4

Note:1REC= 1MWh

Name of the Trading Licensee:Date of Trading: DD/MM/YYYY

NonSolar

RECs

SolarRECs

Renewable Energy Certificates(REC) Trading on Power Exchange by Trading Licensees


26/27

Page26of27

Form IV-I

Sr.No Date of Contract

(DD/MM/YYYY)

Uncontracted

tenure ( open

position ) in

Days/Months

Uncontracted

Volume (MUs)

Purchase

Price

(`/kwh)*1

2

3

4

1

2

3

4

Note:

1. Open position report is to be reported on a monthly basis by 15th of end of the month

2. This report will not be published in public domain.* Price has to be reported separately for each contract.

Name of the Trading Licensee:Month:

Long Position of Trader (Purchased but not sold)

Short Position of Trader (Sale but not purchased)

Open Position of Inter-State Electricity Contracts by Trading Licensees

Sr.No Date of Contract

(DD/MM/YYYY)

Uncontracted

tenure ( open

position ) inDays/Months

Uncontracted

Volume (MUs)

Sale Price

(`/kwh)*


27/27

Page27of27

FormIVJ

From To

dd/mm/yyyy dd/mm/yyyy

Contract Date Purchase Price Sale PriceContracted

Quantity

(dd/mm/yyyy) (Rs/Kwh) (Rs/Kwh) (MU)

PowerSchedule

Start Date

(dd/mm/yyyy)

PowerSchedule End

Date

(dd/mm/yyyy)

Name State Name State

A

1

2

B

12

C

1

2

Note:IntroducedasperCommission'sSuoMotuOrder155/2010dated14.5.2010and

tobereportedonaweeklybasisbyTuesdayofthefollowingweek.

ROUND THE CLOCK

PEAK

OTHER THAN RTC & PEAK

Details of Over the Counter (OTC) Contracts Executed by Electricity Traders i n Inter-State Market

Contracted

Week

Sr. No.

Period of Contract Purchased from Sold To

cerc short trading11october

Documents