iex bulletin july13

7/27/2019 IEX Bulletin July13

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www.iexindia.com


2/12| www.iexindia.com2

Five years ago,

on 27th June 2008,

the Indian Energy

Exchange (IEX)

commenced its

operations as the

first power exchange

in India with the

objective to provide

an electronic

platform for trading

in electricity. The IEX

was set up under

the aegis of Financial Technologies (India) Ltd (FTIL),

a successful technology solutions provider, and PTCFinancial Services, a wholly owned subsidiary of PTC

India Ltd.

Exchanges across the globe are set up with the prime

motive of competitive price discovery. However, in India,

it was established to serve as an optional, electronic,

nationwide competitive platform for trade in electricity.

Little was known of the potential of such an exchange and

the contribution it could make to the Indian power sector.

I am delighted to share with you that, in this short span of

five years, IEX has crossed many milestones. We are the

first power exchange to have been set up in the country.On our first day of operations, we had only a handful

of participants and the trading was a mere 0.058 MUs

of electricity. Today, IEX, on an average, trades around

80 MUs of electricity daily in its Day-Ahead Market with

average daily participation of over 1300 buyers and

sellers.

Our journey has indeed been eventful and our core

competencies have positioned us as Indias largest

marketplace for electricity trading with over 90% market

share across our product portfolio in volumes growing at

a CAGR of 54%.

With over 2600 market participants (of which over 1900are industrial consumers) comprising 27 States, 5 UTs,

500 Generators and a share of 30% in the short term

market in the country, we have been serving as a valuable

link in bridging the larger power demand-supply gap in

the country.

Product Portfolio:

Back in 2008, we started our operations by introducing

Day Ahead Market (DAM) allowing consumers to procure

power for the following day. Today, we also offer four

products in the Term Ahead Market (TAM) segment,

helping the participants manage their power needs upto eleven days in advance. The exchange also aids in

accelerating renewable energy deployment by providing

a platform for trading in RECs (Renewable Energy

Certificates). In these five years of operations, over 65

Message from IEX Chairman

BUs of power have been traded through IEX across these

product categories.

Sparking industrial revolution:

Since inception, IEX has made significant strides in

facilitating access to power to consumers in the most

transparent, competitive and reliable way for the ultimate

benefit of all the stakeholders. We operationalised open

access for the 1 MW and above retail consumers. Today,

over 1900 open access industrial consumers are utilising

the exchange platform as an alternate to meet their power

requirements in the most cost effective and reliable way.

One of the leading business dailies of the country, The

Economic Times, has gone to the extent of describing us

as having sparked the industrial revolution.

Impact on the power value chain:

Apart from greatly aiding industrial growth, the impact

of our platform has also been felt across other parts

of the power value chain. We have enabled optimum

utilisation of the energy resources in the country by

connecting the surplus regions to the deficit ones. The

electricity prices discovered in the Exchange serve as

national benchmark or reference point and are, therefore,

of a great significance. The price signals that emanated

from the exchange in the initial years of its establishment

greatly encouraged private players to invest in creatinggeneration capacity thereby promoting competition in the

sector. And, last but not the least, the market congestion,

which has been a constant impediment in exchange

operations, has signaled the need for reinforcement and

augmentation of transmission network in the country.

Looking forward:

In the near future, we look forward to providing the

exchange platform to trade in energy savings certificates

under the Perform, Achieve and Trade (PAT) scheme of

the Bureau of Energy Efficiency. With CERC planning to

further tighten the grid frequency band and to increase

Unscheduled-interchange (UI) rates, we expect asubstantial increase in the quantum of electricity being

traded through the exchange in line with the trend in

developed economies where exchange-traded power

constitutes 100% or near 100% of electricity generated,

transmitted and distributed and where the open access

principle is an article of faith. In times to come, we indeed

aspire to constitute at least 15% of the total generation

in the country. I take this opportunity to thank all our

stakeholders for their unrelenting support and, going

forward, our endeavor will be to accelerate the momentum

and further build the competitive landscape across the

entire Indian Power Sector.

Venkat CharyChairman, IEX

www.iexindia.com



Our group has been at the forefront of providing the best

and most efficient technology for organized markets foralmost all asset classes. The common thread running

through all our ventures is to provide accessible platforms

enabling robust price discovery and promoting the spirit

of growth and inclusion.

IEX was conceived with the similar mission to provide

a structured, transparent marketplace in power and to

usher in modernisation of the Indian power markets. In

its five years of existence, the trading platform provided

by IEX has indeed enabled and empowered the sector

by demonstrably reducing inefficiencies in the system.

Today, IEX meets its objectives by providing a nationwide

platform surpassing the locational barriers and harnessing

the available power resources in the best possible way.

Energy is at the heart of industrial growth of any country

and our challenge has been the lack of reliable supply of

electricity for the Indian Industry. IEX has facilitated these

industrial consumers to manage their power needs in the

most cost effective and reliable manner and IEX enables

industry to contribute significantly towards countrys GDP.

The credibility and acceptance of IEX can be seen from

IEXs consistent high market share of above 90% across

its product portfolio and participation from across the

cross section including industries, generators, traders

and distribution companies. The exchange which was

Message from Chairman and Group CEO

started five years back amidst a lot of apprehensions has

today proved its mettle and is successfully operating ina supply deficit scenario with tremendous growth on all

parameters.

While all these milestones achieved makes me extremely

happy, I believe this is not the means to an end. The

markets are designed to cater to the evolving local

needs and change has to be the only constant for the

progress of any market and I trust the platform provided

by IEX will continue to pioneer the launch of innovative

long term products for further development of Indias

power markets and also work with the government and

regulators to achieve the ultimate goal of Power to All.

I congratulate the team behind this success and commend

the trust portrayed by all the stakeholders in making IEX

the leading power exchange of India. We understand the

role of technology and our attempt will always be to bring

the best practices from around the world to the Indian

markets. I hope IEX will continue providing complete

gamut of markets like Ancillary Services, Capacity and

very vibrant intra-day and forward markets and facilitate

trading of at least 10-15 percent of total generation in

times to come.

Jignesh Shah

Chairman & Group CEO

www.iexindia.com



Bulletin

JULY 2013, ISSUE 66

REGULATORY NEWS 4

RERC issues tariff order for FY 13-14

UPERC issues Suo-moto tariff order for

FY 2013-14

TNERC issues tariff order for generation and

distribution of TANGEDCO and TANTRANSCO

for the FY 2013-14

MERC issues MYT order for TPC for FY 2012-13

to FY 2015-16

DHBVN files petition in HERC on determination

of CSS, additional surcharge and recovery of

FSA for open access consumers

CERC issues draft Deviation Settlement

Mechanism and related matters Regulations,

2013

INDUSTRY NEWS 7

Power Market Update: June13

FRP takes off with TN issuing bonds, leaving

number of eligible states to six

FOCUS OF THE MONTH 8

Renewable Regulatory Fund

RENEWABLE NEWS 9

REC Market Update- June13

Green Corridor to be set up soon

INTERNATIONAL NEWS 9

IEX TRADE INFO JUNE 13 10

RERC issues tariff order for FY 13-14

The highlights of the order issued by RERC on 6 th June,

2013, are as follows:

HT Industrial Tariff:

- No change in the existing tariff structure, existing

rates shall apply which are as follows:

Distribution Losses: ranged between 17% - 20%

Transmission tariff for collective power exchange

transactions: 36.80 Paisa /kWh

Transmission losses: 4.20%

Source: RERC Website

Category

Tariff

Energy

Charges

Fixed

Charges

Medium Industries (HT-3)

`5.25/ unit`125/ KVA/

monthBulk Supply for mixed load

(HT-4)

Large Industries (HT-5) `5.50/ unit`140/ KVA/

month

REGULATORY NEWS

UPERC issues Suo-moto tariff order for FY

2013-14 2013-14

Uttar Pradesh Electricity Regulatory Commission issued

suo-moto tariff orders for MVVNL, PVVNL, PuVVNL,

KESCO, DVVNL, and tariff order for NPCL for the FY 14.

The highlights of the same are as follows:

Tariff: No change in the HT tariff structure, however

LT category tariffs have been increased substantially

TOD rates to vary from (-) 7.50% to (+) 15%

Regulatory surcharge of 8% to be applicable on

NPCL consumers and 3.5% on others

HV-2 Category 11 kV

11 kV and

up to 66

kV

above 66

kV and up

to 132 kV

above 132

kV

Demand

Charges

`250/

kVA /

month

`240/

kVA /

month

`220/

kVA /

month

`220/

kVA /

month

Energy

Charges

`5.90 /

kVAh

`5.60 /

kVAh

`5.40 /

kVAh

`5.20 /

kVAh

In this Issue
http://rerc.rajasthan.gov.in/http://rerc.rajasthan.gov.in/



MERC issues MYT order for TPC for FY

2012-13 to FY 2015-16

On 28th June, 2013, MERC issued Multi-year tariff order

for Tata Power Company Ltd (TPC) for the period of FY

2012-13 to FY 2015-16, for its distribution business. The

highlights of the order are as follows:

HT Industrial Tariff

Open Access Charges

RPO obligation

Source: MERC Website

Renewable Purchase Obligation (RPO):

- 9% RPO fixed for all sources of RE put togetherand 0.05% for Solar specifically

- Quantum to be purchased through RPO

6076.37 MU in FY 14 from RE

33.76 MU in FY 14 from Solar

Source: TNERC Website

Consumption

Slab (kWh)

Fixed/ Demand

Charge

Wheeling

Charge

(`/ kWh)

Energy Charge

(`/ kWh)

All Units `200 /kVA/

month

0.89 6.20

Charges FY 2013-14

Wheeling Loss 1.12%

Transmission Loss 4.17%

System Loss 4.70%

CSS `1.70/kWh

Wheeling Charges (HT-Industrial) `1.02/kWh

Open Access charges:

- CSS: Nil

- Wheeling Charges: to range between`0.620/

kWh `1.450 kWh

- Wheeling Losses

- Distribution Losses

Particulars NPCL

MVVNL, PVVNL,

PuVVNL, DVVNL,

KESCO

Connected at 11 kV 2.75% 8%

Connected above 11 kV 2.13% 7%

DISCOMS Approved 2013-14

MVVNL, PVVNL, PuVVNL, DVVNL 22.81%

NPCL 8.00%

KESCO 23.00%

Source: UPERC Website

TNERC issues tariff order for generation

and distribution of TANGEDCO and

TANTRANSCO for the FY 2013-14

On 20th June,2013, TNERC issued an order determining

tariff for generation, distribution and transmission for the

FY 14. The key highlights of the order are as follows:

HT Industrial Tariff: No hike from the last order,

energy charge of`5.50 /kWh and demand charge of`300/kVA per month to be applicable for the fiscal

Open Access Charges:

Transmission loss: 2.70%

Distribution loss: 13.70%

Wheeling Charges 17.35 p/kWh

Cross Subsidy surcharge*Range between`1.41 /kWh

` 4.81/kWh

Transmission charges inter/

intra state STOA` 82.21 /MW/hr

*Not applicable till the time R&C measures are effective

FY 2013-14

Solar 0.50%

Non Solar 8.50%
http://www.mercindia.org.in/Orders_2013.htmhttp://tnerc.tn.nic.in/http://www.uperc.org/Tariff_Order_Users.aspxhttp://www.uperc.org/Tariff_Order_Users.aspxhttp://tnerc.tn.nic.in/http://www.mercindia.org.in/Orders_2013.htm



- In case of frequency above 49.95 Hz

Additional charge will be the specified

percentage (20%, 40% or 100%) of

deviation charge corresponding to

frequency below 49.95 Hz on crossing

the volume limit as specified below:

- Frequency below 49.95 Hz

Additional charge equivalent to 100% of the

Charge for Deviation to the grid frequency of

below 49.95 Hz

Source: CERC Website

Limits on deviation volumeAdditional Charge

(as a percentage)

> 12% - 15% of schedule/

>150 MW - 200 MW in a time block/

> 3% - 4% of the schedule over a day

20%

> 15 % - 20% of schedule/

> 200 MW - 250 MW in a time block/

> 4% - 5% of schedule over a day

40%

> 20 % of schedule/

> 250 MW in a time block/

> 5% of schedule over a day

100%

DHBVN files petition in HERC on

determination of CSS, additional surchargeand recovery of FSA for open access

consumers

As per the petition, the petitioner DHBVN has requested

the Commission:

To allow the recovery of cross subsidy surcharge of`

1.94/unit,`1.69/unit,`1.94/unit and`1.65/unit from

the categories HT Industry, NDS, Bulk Supply and

Railways respectively

To allow the recovery of additional surcharge of`1.00/

unit from all Open Access consumers

To pass the recovery of Fuel Surcharge Adjustments

(FSAs) and Regulatory Asset Surcharge (RAS) to

Open Access Consumers as well as to allow recovery

against the same of`2.68/unit,`2.73/unit,`2.58/

unit and`2.68/unit from the categories HT Industry,

NDS, Bulk Supply and Railways respectively

Source: HERC Website

CERC issues draft Deviation Settlement

Mechanism and related matters

Regulations, 2013

On 20th June, 2013, CERC issued notification on draft

CERC (Deviation and Settlement mechanism and related

matters) regulations, 2013. As per the draft, the frequency

band for grid operations will further be narrowed to

49.95 Hz 50.05 Hz. Charges for over/under drawal and

over/under injection will be worked out on the average

frequency of time block at the rates as below:

Each 0.01 Hz step equivalent to 35.60 Paise/kWh in

the 50.05-50.00 Hz frequency range, 155.40 Paise/

kWh in the below 50 Hz to 49.95 Hz frequency range

The charges for the deviation for the under drawls by

the buyer and the over-injection by the seller shall not

exceed the Cap Rate of 333.40 Paise/kWh

Beyond the limit set on deviation volume, the

following additional charges are proposed, to

be levied over and above the deviation charge:
http://www.cercind.gov.in/2013/draft_reg/Notification20.pdfhttp://herc.nic.in/petitions/2013/P2013014.pdfhttp://herc.nic.in/petitions/2013/P2013014.pdfhttp://www.cercind.gov.in/2013/draft_reg/Notification20.pdf



INDUSTRY NEWS

The day-ahead power market at IEX in the month of June

2013 continued to remain attractive in terms of price for

the buyers. On an overall basis, in terms of volume of

power traded, the market saw northern and southern

regions as the net buyers of power while the eastern,

western and the north-eastern region were the net sellers

of power. The Load Generation Balance Report (LGBR)

for the FY 2013-14 released by CEA a few weeks back,

anticipated the gap between availability of energy and

requirement in the month of June 13 to be to the tune of7009 MUs at all India level, with only western and eastern

region meeting their energy demands. The larger trend

in the Day-ahead Market at the exchange was however

on the contrary, where the sell bids far exceeded the buy

bids. Total purchase bids received in the DAM for the

month of June13 was close to 2578.3 MUs and the total

sale bids were over 4191.5 MUs, indicating a surplus in

the market. Area wise total cleared sell and buy volume in

the DAM is represented in the table below with respective

anticipated energy gap as per CEAs LGBR.

The average daily cleared volume for the month was 70.4

MUs. Whereas, the total cleared volume for the month was

2114 MUs, lower than 2499 MUs traded in the previous

month. Around 304 MUs were lost owing to congestion in

the transmission network.

As a result of excessive supply and suppressed demand,

the prices in June 13 continued to show a downward

trend. The average area price in N3 (Punjab) remained

same as compared to last month, due to non-availability

of transmission corridor as the state had tied up short term

Region

Anticipated

Energy

Deficit/

Surplus*

(MUs)

Deficit/Surplus

(%)*

Total Buy

in DAM

(MUs)

Total Sellin DAM

(MUs)

Net

Northern -3316 -10.50% 858.57 852.04 Net Buy

Southern -4450 -17.80% 596.28 353.58 Net Buy

Eastern 709 7% 8.84 197.98 Net Sell

Western 97 0.40% 619.36 637.08 Net Sell

North Eastern -49 -4.80% 31.52 73.88 Net Sell

Total -7009 -7.8% 2114.57 2114.57

*As per CEA LGBR 2013-14

power arrangements to meet its anticipated rise in demand

practically leaving no grid availability for other transactions.

Despite arranging for additional power, the state continues

to face demand outstripping supply. The area prices in

other regions were also lower vis--vis last month. The

average prices in the southern region showed maximum

downfall of 33% in a months time, reaching`4.36 per unit.

However, in the month of June the average participation at

IEX in the Day-ahead electricity market was 1354, higherthan 1297 in the month of May 13, whereas the maximum

participation of 1410 was observed on 22nd June 2013.

On an overall basis, IEX has a total of 2184 participants in

the electricity market of which 1900+ clients are industrial

open access clients.

FRP takes off with TN issuing bonds,

leaving number of eligible states to six

The Centres debt restructuring scheme for power

distribution companies has taken off with Tamil Nadu

becoming the first state to issue bonds worth`

6,144crore in the first phase. The number of states that are

eligible and will be a part of the governments financial

restructuring package (FRP) is likely to be six including

Punjab, Haryana, Rajasthan, Tamil Nadu, Madhya

Pradesh and Uttar Pradesh.

Jharkhand, which has not yet unbundled its power

operations, may be able to get into the scheme with a

caveat that it will complete the unbundling exercise within

a stipulated time. The Union government has, however,

refused to accept the Kerala model of unbundling the

power business, making it difficult for the state to subscribe

to debt restructuring package. The states of Rajasthan,Uttar Pradesh and Haryana have already settled terms for

FRP with the bankers. The status of Punjab and Madhya

Pradesh is still to be decided.

Power Market Update: June13

June13

June 12

(Same month

last year)May 13

Avg. daily cleared volume (MUs) 70.4 51.2 80.62

Bid Area Average Prices (`/kWh)

June13 May 13 % change

North-East (A1,A2) 1.94 2.32 16%

East (E1,E2) 1.93 2.31 16%

North (N1,N2) 1.96 2.36 17%

North (N3) 2.36 2.36 0%

South (S1) 4.36 6.47 33%

South (S2) 4.42 6.47 32%

West (W1,W2) 1.95 2.36 17%

West (W3) 1.94 2.36 18%

UN_MCP* 2.22 2.73 19%

*UN_MCP: Unconstrained market clearing price refers to the price discovered

before accounting for any congestion in the transmission corridor



The need for increased reliance on non-conventional

energy is more pressing than ever owing to growing

concerns on account of climate change. MNRE has

targeted to achieve capacity addition of 30,000 MW

from non-conventional energy in the XII Five year

plan period. The Electricity Act 2003, as well as the

National Action Plan on Climate Change (NAPCC),

provide the framework for increasing the share of

renewable energy in the total generation capacity in

the country.

Although, India has rich sources of renewable energy

but these are not equally distributed throughout the

nation. Moreover, variability and unpredictability

which are inherent qualities associated with a few

renewable resources make it difficult to schedule the

energy generated through these resources. Both

wind and solar power are infirm in nature, that is,

difficult to predict and vary significantly on an hourly,

daily and seasonal basis. This variability makes

grid-management a challenging task. Recognizing

these challenges and to provide impetus to

renewable capacity addition, CERC has notified RRF(Renewable Regulatory Fund) to enable better

management of the grid and allow wind and solar

farms to schedule power for a day in advance.

RRF provides a band (+/- 30% for wind generator)

under which the charge for imbalance (UI applicable

for over/under generation) to that extent is not levied

on the generator but settled through the fund.

Thus, RRF would bear charges imposed on states

hosting such RE projects that fail to comply with their

energy supply commitments to the electricity grid.

Implications of deviation in this specified band are to

be shared among all states/UTs/DVC in ratio of theirpeak demand met in the previous month in the form

of a Renewable Regulatory Charge (RRC) operated

through the RRF.

In its order dated 16th January, 2013, CERC while

addressing a few concerns raised by stakeholders

directed all concerned stakeholders to gear up for

the implementation of the RRF mechanism from

1st July, 2013. This has however been deferred till

15th July, 2013 in the order issued by CERC on 9 th

July, 2013 i.e. Approval of detailed Procedure for

the Implementation of the Mechanism of Renewable

Regulatory Fund under Regulation 6.1 (d) of Central

Electricity Regulatory Commission (Indian Electricity

Grid Code), Regulations 2010.

FOCUS OF THE MONTH

To summarize, the RRF Mechanism aims to:

Achieve better generation prediction using weather

forecasting tools

Safeguard wind generators from paying deviation in UIcharges up to a certain level of variation

No UI charges payable/receivable by the Solar Generator

Socialise the deviation charges incurred due to variationsamongst different state utilities

Develop a self sustaining mechanism towards better

acceptance of intermittent generation

With an objective to enhance the predictability of variable

renewable power, the RRF mechanism encourages wind/solar

generators to participate in scheduling. The introduction of this

mechanism is also likely to encourage acceptance of variable

renewable generation in the grid, enhance grid stability as wellas increase the tradability of renewable energy. It is estimated

that wind generation capacity of approximately 5 GW is expected

to be covered under this mechanism vis--vis the total installed

wind capacity of 19 GW.

Renewable Regulatory Fund

RRF Procedure Criteria for Wind & Solar Generators

Wind Solar

Applicability

(collective capacity at

the pooling station)

10 MW & Above 5 MW & Above

Connection Point 33 kV 33 kV

Forecasting Obligation

on the co-ordinating

agency

Up to an accuracy of 70%Based on availability of

generation requirements

Deviation (UI Charges) Yes

Yes (But No Charges to

Generators/coordinating

agency)

Within +&-

30%Outside +&- 30%

Host state agencyPayable/ Receivable ByHost State

Agency

Coordinating agency

(CA) for the Pooling

Station

Settlement Through RRF CA with the host state

Amount PayableCalculated based on the difference

between reference rate and UI rate

Based on the UI rate in the

region

Key Highlights



The third Renewable Energy Certificate (REC) trading

session of FY 14 held on 26 th June, 2013, at IEX featured

the trade of 36,147 N-Solar and 797 Solar RECs. For non-

solar RECs, buy bids of 36,147 RECs and sell bids of 14,

01,048 RECs were received, against which 36,147 were

cleared at`1500 per REC. For solar RECs, buy bids of

797 RECs and sell bids of 2,836 RECs were received,

against which 797 RECs were cleared at`9,300 per REC.

The trading session featured participation largely from

the open-access consumers. In terms of numbers,

the session had 798 market participants of whom 634

participated in non-solar segment while 164 participated

in the solar segment. Overall participation showed a 26%

increase over the previous session.

On an overall basis, a total of 1762 participants are

registered in the REC segment at IEX. Of this, 439 are

eligible entities (RE generators), 1310 are obligated

entities (Discoms, Open access consumers & Captive

generators) and 13 are registered as voluntary entities.

Summary of the REC Trading Session held on 26th June,

2013 is as below:

An overview of participation in the REC Market at IEX as

on 30th June:

Non-solar

REC

Solar

REC

Trade Volume (REC) 36,147 797

Sale bid (REC) 14,01,048 2,836

Purchase Bid (REC) 36,147 797

Price discovered (Rs/REC) 1,500 9,300

No. of participants 634 164

Total number of registered participants 1,824

Obligated Entity 1,344

DISCOMs 26

Open Access consumers 1,247

Captive Consumer 71

Voluntary 13

Eligible Entity (Private Generators) 467

Highest participation in an

Auction(March13)1,135

Two major high-capacity transmission corridors,

exclusively meant for renewable energy, are being set

up in Tamil Nadu. Estimated to a cost of `4,400 crore,

the corridors are capable of evacuating at least 2,000

Megawatt (MW) each.

One corridor is from Kayathar of Tuticorin district

to Sholinganallur, now part of the limits of Chennai

Corporation, and the other, between Thappagundu of

Theni district to Salem. The first corridor, covering about

700 km, is likely to be commissioned by March next year,

while the other line, with a length of about 400 km, is

expected to be ready by 2014 end.

Aimed at addressing the concerns of investors in the wind

energy sector regarding inadequate evacuation facilities

in the State, the two corridors will take care of the States

future requirements too.

REC Market Update- June13 Green Corridor to be set up soon

INTERNATIONAL NEWS

Saudi Arabia and Egypt signed a USD 1.6 billion deal

on 1st June, 2013, to link their electricity grid as part of a

project that will allow the two countries to share power.

This agreement will require the construction of a 12-

mile underwater cable to facilitate electricity exchange.

This project will allow both countries to share power ofup to 3,000 Megawatts, and will achieve a return on

investment of 13% for each country.

The electricity interconnection project is expected to

relieve peak-time pressures on the electricity grid in

both countries. Peak-time summer power consumption

in Saudi Arabia falls between noon and mid-afternoon,

when air conditioners are used intensively, while in

Egypt peak time falls after sunset. The Saudi and

Egyptian electricity companies will take responsibility

for funding, ownership, operation, and maintenanceof the power grid and electricity cables inside their

respective territories.

Saudi Arabia and Egypt sign electricityexchange agreement

RENEWABLE NEWS



Prices (`/kWh)

Area Min Max RTC*

(0-24 hr)

Peak*

(18-23 hr)

Non Peak*

(1-17 & 24 hr)

Night*

(1-6 & 24 hr)

East 0.90 3.50 1.94 2.07 1.90 1.74

North East 0.90 3.50 1.95 2.10 1.90 1.75

North(N1/N2) 0.90 3.50 1.96 2.08 1.92 1.78North(N3) 0.90 20.00 2.37 2.27 2.39 2.15

West(W1/W2) 0.90 3.50 1.95 2.07 1.91 1.75

West(W3) 0.90 3.50 1.95 2.07 1.90 1.75

South(S1) 1.00 19.50 4.37 5.50 3.99 3.37

South(S2) 1.00 19.50 4.43 5.65 4.02 3.37

* Simple Average of Area Clearing Prices for specified duration of time

Participation Details (as on 30th June13)

Total No. of registered participants 2,204

Open access consumers 1,990

Private Generators 174

Highest participation in a day since inception (22nd June, 2013) 1,410

IEX TRADE INFO - JUNE 2013

Total Volume (MUs) 2114.56 Average Daily Volume (MWh) 70,485

DAY - AHEAD MARKET

DAM Snapshot

Volume (in MUs)

Purchase Bids 2,578

Sale Bids 4,191

Unconstrained Market Cleared Volume (MCV) 2,419

Constrained MCV 2,114

Cumulative Market Clearing Volume (April13 onwards) 7,129

Maximum Unconstrained Volume in a day 101.02

Daily Constrained Average Volume 70.4

Average Daily Volume (in MW)

Purchase Bids 3,581

Sale Bids 5,821

Unconstrained Market Cleared Volume 3,360

Constrained Market Cleared Volume 2,936

MCP (Rs/kWh)

Average 2.22Minimum 1.58

Maximum 2.75



TERM-AHEAD MARKET

Contracts Weekly Intraday Day-ahead Contingency Daily

Total Volume (MWh)* - 10,765 715 -

Max price (`/kWh) - 3.50 2.90 -

Min price (`/kWh) - 1.50 2.90 -

*Scheduled Volume in the month

REC MARKET: PRICES & VOLUME 26TH JUNE 2013

Purchase Bids (REC) Sell Bids (REC) Cleared (REC) Price (`/REC)

Non-Solar 36,147 1,401,048 36,147 1,500

Solar 797 2,836 797 9,300

1REC=1MWh

NUMBER OF PROJECTS UNDER THE REC MECHANISM

Accredited 816

Registered 761As on 30thJune13

CONGESTION PROFILE - JUNE 2013

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PriceDifferential(`/kWh)

PriceDifferential(`

/kWh)

PriceDifferential(`/kWh)

PriceDifferential(

`/kWh)

Corridor availability for STOA revised from 1400 to 700


12/12

Indian Energy Exchange Ltd.Corporate Office: 100A/1 Ground Floor, Capital Court, Olof Palme Marg, Munirka, New Delhi - 110067, India.

TelNo.:+91-11-43004000FaxNo.:+91-11-43004015

Registered Office: 1st Floor, Malkani Chamber, Off Nehru Road, Vile Parle (E), Mumbai - 400099.

Dear Readers,

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Team IEX

Disclaimer

The information featured in this bulletin has been compiled from sources deemed reliable and to the best of our knowledge Whilst every effort has been made to ensure the accuracy of

Mr. Venkat Chary, Chairman, IEX and Mr. Rajesh K. Mediratta, Director, BD, IEX receiving the PowerLine Award from

the Honble Minister of State for Power, Mr. Jyotiraditya Scindia

IEX wins PowerLine Best Performing Exchange Award

IEX bagged the PowerLine award for the Best Performing

Trading Company/Exchange, second year in a row.

The award was presented by Honble Minister of State

for Power, Mr. Jyotiraditya Scindia at a gala ceremony

held in the capital on 21st June, 2013. Mr. Venkat Chary,

Chairman, IEX and Mr. Rajesh K. Mediratta, Director, IEX,

received the award from the Honble Minister on behalf of

the Exchange.

The PowerLine award recognises excellence andoutstanding performance in the Indian power sector. The

winners of PowerLine Awards 2013 were selected by an

eminent panel of jury, following an extensive research

conducted by PowerLine. The Jury for the Award included:

Mr. R V Shahi, Former Power Secretary, and Chairman

of the Awards jury; Mr. H L Bajaj, Former Member,

Appellate Tribunal for Electricity and Former Chairman,

Central Electricity Authority; Mr. C P Jain, Former CMD,

NTPC Ltd; Mr. Uddesh Kohli, Former CMD, Power

Finance Corporation; Mr. R K Narayan, Former CMD,

Power Grid Corporation; Dr. S L Rao, Former Chairman,

Central Electricity Regulatory Commission; and Mr. VSubramanian, Former Secretary, Ministry of New and

Renewable Energy.

iex bulletin july13

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