POWER TRADING THROUGH GENERAL CARBON


General Carbon Advisory Services Pvt. Ltd is an Advisory Member of Power Exchange India ltd, India’s first institutionally promoted power exchange that provides innovative and credible solutions to transform the Indian Power Markets and the 2ND power exchange of India. PXIL is having their registered office at III floor, “B “ wing , Exchange Plaza , Bandra Kurla Complex , Bandra (East) ,Mumbai – 400051. (www.powerexchangeindia.com).


GENERAL CARBON provides the huge opportunity and the options to its clients to choose Indian Energy exchange or Power Exchange India or both for REC transactions.

 

Power Trading – The Definition


Power trading has defined as purchase of electricity for resale thereof. It is the process by which energy flows from power surplus to power deficit regions. The power trading is carried out under non discriminatory open access regulations of CERC/ SERC and open access procedures of CTU/ STUs.


ELIGIBILITY FOR POWER TRADING THROUGH PXIL

 

TECHNICAL REQUIRMENTS


Dedicated grid connectivity at the voltage level of 11 KV and above.
Installation of ABT ( Availability Based Tariff )compliant special energy meters at the end of customer drawing / injecting point & at nearest substation (this is tri vector meter

   with 0.2 accuracy which records the flow of voltage , current and frequency in every 15 min time block)and other auxiliary equipments in relation with this as directed by

   concerned SLDC ,


STATUTORY REQUIREMENTS


Completion of Memorandum of Understanding (MOU) between Member and Client regarding various terms and conditions of Business.
NOC/ Standing clearance from respective SLDC In prescribed format.

 

CONTRACT SIZE

 

EXCHANGE

MINIMUM VOLUME MWH

MINIMUM PERIOD

PXIL

1

1 HOUR


REQUIRED CLIENT REGISTRATION FEES


EXCHANGE

CLIENT REGISTRATION FEES

PXIL

RS. 50,000(FIFTY THOUSAND ) PLUS SERVICE TAX ON EVERY FINANCIAL YEAR

 

MEMBER PROFESSIONAL FEES


GENERAL CARBON shall provide various services to its clients such as transaction facility at exchange platform , market monitoring , client alerting and advisory services for sale or purchase of power trading through PXIL.
The charges for providing such services shall be @ .75% of total transaction amount on a particular day (refer power market regulation 2010) . The above charges are exclusive of any taxes cess or levies as applicable on it under any law in force and shall be payable by client in addition if applicable. GENERAL CARBON will raise provisional bill on daily basis and the same would be transferred electronically to GENERAL CARBON A/C from client account.

 

TRANSMISSION SCHEDULING AND OPERATING CHARGES


Client has to pay the NLDC application fee , Central Transmission Utility Charges , NLDC Scheduling and operating Charges, State Transmission utility Charges , SLDC scheduling and operating Charges , PXIL Transaction fee on daily basis.


ADJUSTMENT OF TRANSMISSION LOSSES


As per CERC regulation and Exchange rules State and Regional transmission losses from the central utility interconnection point to the point of injection/drawl, for selling and buying of power shall be adjusted by RLDC while scheduling.


MODE OF PAYMENT


As per the latest Rules from HONBLE CERC , an separate account is needed to be opened defined as settlement account where exchange would directly deduct the buy proceeds . Sufficient balance should be in the settlement account before the trading day.Like wise all the sale proceeds would be directly deposited on the clients settlement account.
Buyers would be maintained as advance payment system where a sellers would be credited the amount the day after the delivery date.
PXIL Settlement account would be opened in SBI, HSBC, & Axis Bank.


HOW POWER WILL FLOW


The power will flow through STU/ CTU Network controlled , regulated and scheduled by SLDC/ RLDC/ NLDC.


DEVIATION FROM SCHEDULE


Any deviation in schedule is either payable/ receivable by the client and is settled by RLDC/ SLDC under UI mechanism which is compiled by RLDC.


 

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