Real Time Market
Auction Bidding
Bidding is an offer to set a price tag by an individual or business for a product or service or a demand that something be done. Bidding is used to determine the cost or value of something.
Trading of 15 Minute Contracts
The name says it clearly: the 15 minute day trading rule is a shorter form of day trading (within 15 minutes). You can contract the time limit even further. The idea is to spot a trend, buy/sell and then sell/buy within 15 minutes.
Risk Management
Risk management is the identification, evaluation, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events.
Congestion Management
Congestion Management through market splitting and determining Area Clearing Price (ACP) specific to an area.
Clearance
Clearance obtained from SLDC by buyers and sellers based on availability of network and ABT meters.
Process Flow and Timeline
The trading process is divided into four key session:
Bid Session
Key features :
- 48 bid sessions during the day.
- Each bid session for a duration of 15 minutes.
- First bid session to start at 2245 hrs
- 15-minute gap between two consecutive bid sessions
Single and/or block including linked bids :
- Single bids: 15-Minute bids for different price and quantity pairs can be entered through this type of order. Partial execution of the bids entered is possible.
- Block bids: Block Bid for any 15-min block or series of 15-min blocks during the same day can be entered. Although no partial execution is possible i.e. either the entire order will be selected or rejected.
The bids so entered are stored in the central order book. The bids entered can be revised or cancelled till gate closure
Financial Settlement
Pay In / Pay Out (PI/PO) will be done on T/ T+1 date respectively subjected to banking hours and holidays
Matching Session
- Bids for each 15-minute time block are aggregated and matched using a double-sided closed auction methodology, similar to the day-ahead market.
- The Area Clearing Price (ACP) and Area Clearing Volume (ACV) are determined based on demand and supply for each 15-minute block.
- Selected participants receive notifications about partially or fully executed bids and other trade-related information within 1 time block after the auction period ends.
- The exchange utilizes ACP and ACV to calculate the obligation of selected participants and the power flow.
- Bid limits are determined based on the funds available in the settlement accounts of the participants.
Result Session
- IEX notifies Area Clearing Price (ACP) and Area Clearing Volume (ACV).
- Exchange sends final results for confirmation and scheduling of Collective transactions-RTM to NLDC.
- NLDC forwards schedule details to respective RLDCs.
- RLDCs/SLDCs include Collective Transactions-RTM in the Daily schedule.
- Scheduled transactions are deemed delivered.
- Deviations from schedules are managed under UI, Deviation Settlement Regulations, or Imbalance Settlement Regulations.
- Regional Entities connected at ISTS networks follow CERC Regulations, while Embedded Entities and those connected to state transmission or distribution networks adhere to respective State Electricity Regulatory Commission’s Regulations.
Process Flow and Timeline
CONTACT INFO
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Address,Plot No. C-001/A/1, 9th Floor, Max Towers,Sector 16 B,Noida,Uttar Pradesh,201301
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