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Presentation Coverage
Concept of Electricity Trading Licensing and Trading Provisions Open Access ,Processes & Procedures Power Trading Commercial Aspects
Intangible dominant
Electricity
Power trading is notional : Buyer to pay the agreed amount to the supplier for scheduled quantum of power. Payment for variations from the schedule through a common mechanism, e.g. U.I.
TRADER
10MW @ 220p/kWh B
AGREEMENTS
A 8MW
ACTUAL FLOW 12 MW
GRID
TRADER
UI for 2 MW
UI for 2 MW
519.4
548.0
578.8
666
704.0
723.0
764.02
2.12
2.16
2.45
2.41
3.15
3.35
5.35
Product Differenciation
Night Power Morning Peak Off Peak Evening Peak : 2200 Hrs to 0600 Hrs ( 08 Hrs ) : 0600 Hrs to 1100 hrs (05 Hrs) : 1100 Hrs to 1700 hrs (06 Hrs) : 1700 Hrs to 2200 hrs (05 Hrs)
Electricity Pricing
Night Power Morning Peak Off Peak Evening Peak : 2200 Hrs to 0600 Hrs ( 08 Hrs ) @ 195 P / Unit : 0600 Hrs to 1100 hrs (05 Hrs) @ 235 P / Unit : 1100 Hrs to 1700 hrs (06 Hrs) @ 225 P / Unit : 1700 Hrs to 2200 hrs (05 Hrs) @ 321 P / Unit @ 265 P / Unit
Name
Hr
Rate(P/Unit)
Composite Rate(P/Unit)
8 6 6 5 24
The mismatch between the scheduled and actual drawl at drawl points & scheduled and the actual injection at injection points shall be met from Grid and shall be governed by UI pricing mechanism applicable to the inter-state transactions.
P
570
UI Rate Chart
435 345
210 150
0 49
49.3
49.6
49.8
50
50.5
Hz
.8 Hz = 360 P .1 Hz = 45 P .02 Hz = 09 P
.7 Hz = 210 P .1 Hz = 30 P .02 Hz = 06 P
UI Injection point
UI Drawal Point
GRID
In Case Of Generating Stations INSTALLED CAPACITY DECLARED CAPACITY (DC) = 2000 MW = 1900 MW
In case of SEBs
DRAWAL SCHEDULE SCHEDULE BY RLDC
ACTUAL DRAWAL
BY SEB
UI = (750 700) = 50 MW
CERC brought out regulations for Procedure, Terms & Conditions for grant of Trading Licence and other related matters Regulations, on 30th January, 2004 vide Notification Dated 6th February,2004.
TRADING PROVISIONS
Electricity Act 2003 10th June, 2003
Trading distinct activity permitted with licensing. (Section 12) Regulatory Commission may fix ceiling on trading margin to avoid artificial price volatility. (Sections 79 (2) (b) & 86 (2) (b)) The Regulatory Commission to promote development of market including trading. (Section 66)
Notices shall be published in the newspapers within 7 days of making the application to the Commission
The Commission would examine the application with regard to the technical requirement, capital adequacy and credit-worthiness in accordance with Section 52 of the Act.
Functions of CERC
Section 79 (1) Says The Central Commission shall discharge the following functions To issue Licence to persons to function as transmission licensees & electricity traders with respect to inter-state operations. To fix the trading margin in the inter-State trading of electricity, if considered necessary. To specify Grid code and enforce standards with respect to quality,continuity and reliability of service. To adjudicate upon disputes.
Functions of SERC
Section 86 (1) Says The State Commission shall discharge the following functions : To issue Licence to persons seeking to act as transmission licensees,distribution licensees & electricity traders with respect to their operations within the State To fix the trading margin for intra-State trading of electricity,if considered, necessary To adjudicate upon disputes
Category of Licence
S.No
1 2 3 4 5 6
A B C D E F
Upto 100 100 to 200 200 to 500 500 to 700 700 to 1000 > 1000
Top 5 Suppliers in FY - 04 SL 1 2 3 4 5 Supplier WBPDCL GRIDCO Chukha HPC DVC DTL Energy Sold(MU) 2954 1966 1495 1273 762
Top 5 Suppliers in FY - 05 SL 1 2 3 4 5 Supplier Energy Sold(MU) GRIDCO 4661 WBPDCL 3177 DVC 760 APTRANSCO 384 Sikkim 270
Top 5 Buyers in FY - 04 SL 1 2 3 4 5 Buyer MSEB MPSEB DTL GEB KPTCL Energy Bought(MU) 1837 1525 1282 1011 822
Top 5 Buyers in FY - 05 SL 1 2 3 4 5 Buyer MSEB PSEB MPSEB HVPNL GEB Energy Bought(MU) 2833 1453 1387 1211 864
Trading Share of Traders SL 1 2 3 4 Trader PTC NVVN ADANI TATA FY-04 (MU) 11029 962 Nil Nil FY-05 (MU) 8887 2687 735 103
Inter-Regional Sale in FY - 05 Buyer Region (MU) Seller Region North West South East North 21 West 149 82 South 325 6 46 211 East 3348 4690 365 185 NE 455 18 227 0 Total 3724 5619 576 209
NE
Total
21
231 588 8722 719 10281
134 19 153
Parent Company
NTPC REL TATA POWER PTC
Ispat Energy Ltd Ispat Industries Ltd Lanco Elec.Utility Ltd Lanco Group
Blending of Power
(Cheap power +Costly power) Mixed & sold to Customer as blended power
What is Wheeling
Means the operation whereby the distribution system and associated facilities of a transmission licensee or distribution licensee are used by another person for the conveyance of electricity on payment of charges
Enabling of non-discriminatory sale/ purchase of electric power/energy between two parties utilizing the system of an in- between (third party), and not blocking it on unreasonable grounds
Nodal Agency
Nodal Agency for LT customer shall be CTU in whose system the point of drawl of electricity is situated. Nodal Agency for the ST customer shall be RLDC of the region where the point of drawl of electricity is situated.
LT -Long Term and ST- Short Term-may be
Surplus Utility
Trader
Deficit Utility
Transmission Utility
Contract Power Flow P Payment Flow
Acceptance of Open Access by NVVN Request for Schdule to Nodal RLDC Power Flow & Metering Bill by NVVN to Buyer & Seller Realisation of payments Closing of Contract
WR (5%)
SR (4%)
Commercial Issues
Thank you