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“ Open access / Power Exchange Regulations/experiences of SR ”

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1 “ Open access / Power Exchange Regulations/experiences of SR ”
PRESENTATION ON “ Open access / Power Exchange Regulations/experiences of SR ” by P.BHASKARA RAO ,DGM SRLDC, Bangalore

2 PRESENTATION OVERVIEW
ELECTRICITY ACT 2003 –STIPULATIONS ON OPEN ACCESS OPEN ACCESS – REGULATIONS BY CERC SHORT TERM OPEN ACCESS – EXPERIENCES SO FAR SHORT TERM OPEN ACCESS – CASE STUDIES POWER EXCHANGE REGULATIONS QUANTUM OF POWER EXCHANGES WITH SR CHALLENGES AHEAD 400 MU CONS IN A DAY-1.5% IS 6 MU, 2190 MU IN A YEAR, 2/UNIT IS 4400 MILLION RUPEES IS 440 CRORE RUPEES

3 OPEN ACCESS REGULATIONS

4 CERC Open Access Regulations, 2008
3. Subject to any other regulations specified by the Commission, the long-term customer shall have first priority for using the inter-State transmission system for the designated use. These Regulations shall apply for utilization of surplus capacity available thereafter on the inter-State transmission system by virtue of- (a) Inherent design margins; (b) Margins available due to variations in power flows; (c ) Margins available due to in-built spare transmission capacity created to cater to future load growth or generation addition:

5 OPEN ACCESS IN INTER-STATE TRANSMISSION
Implemented w.e.f. 6-May-2004 Products – Long term Access Short term Access Monthly Advance First Come First Serve Day ahead Same day transactions Permits usage of spare transmission capacity through a transparent process Offers choice and freedom to buy & sell power

6 CERC Open Access Regulations, 2008
Effective Regulations cover only Short-term Open Access Transactions categorized as Bilateral and Collective (through PX) Earlier Products of Short-Term retained under Bilateral Transactions Nodal Agency Bilateral : RLDCs Collective : NLDC

7 CERC Open Access Regulations, 2008
Transmission Charges moved from “Contract Path” to “Point of Connection” Both Buyers and Sellers of Collective transactions to bear transmission charges and absorb transmission losses Inter-Regional links -No Separate treatment. Emphasis on “Scheduling” rather than “Reservation” SLDC consent mandated along with application In case of Congestion – e-Bidding without Price Cap Exit Option provided with payment of up to 5 days open access charges. Moving towards empowerment of SLDCs

8 Transparency - Information Sharing
Available Transfer Capacity (ATC) -3 months ahead Past & Current Transactions Injection & Drawal Schedules Un-requisitioned Surplus Frequency Trend Urgent market information – unit tripping, load crash, contingencies 52 week ISTS pooled losses STOA Rate / Procedures for capacity reservation 8

9 Regulation 2004 of CERC Regulations on Short-Term Open Access
( to ) Open Access Duration - Up to One year maximum single application possible ST Rate - in Rs/MW/Day Min. Charges for one day Transmission Charges a. Intra Regional – 25% of Long Term Charges b. Inter Regional – 25% of Long Term Charges RLDC Charges a. Application fee – Rs. 5000/- b. Scheduling Charges – Rs. 3000/day for each RLDC involved c. Handling &Service Charges % of total charges Congestion Management E-Bid without price cap

10 - Up to three months -single application possible ST Rate
Regulation 2004 (Amendment 2005)of CERC Regulations on Short Term Open Access ( to ) Open Access Duration - Up to three months single application possible ST Rate - in Rs/MW/Day - Charges as per continuous block of up to 6 hours, 12 hours, and more than 12 hours Transmission Charges a. Intra Regional – 25% of Long Term Charges b. Inter Regional – 50% of Long Term Charges RLDC Charges a. Application fee – Rs. 5000/- b. Scheduling Charges – Rs. 3000/day for each RLDC involved c. Handling &Service Charges Nil Congestion Management E-Bid without price cap

11 Regulation 2008 of CERC Regulations on Short Term Open Access
(From ) Open Access Duration - Bilateral -Up to 3 months separate application for each month Collective: -Only Day ahead ST Rate - in Rs/MWh Based on Scheduled Energy Transmission Charges Bilateral: Rs.30/MWh – intra- regional Rs.60/MWh – Between adjacent regions Rs90/MWh – Wheeling through one or more region Collective Transactions (Px): -Rs. 30/MWh for each point of injection and drawal

12 Regulation 2008 of CERC Regulations on Short Term Open Access
(From ) RLDC Charges Bilateral: a. Application fee – Rs. 5000/- b. Scheduling Charges – Rs. 2000/day for each RLDC involved c. Handling & Service Charges –Nil Collective Transactions: – Rs. 5000/day to NLDC for each State involved ; -NLDC to Share with RLDCs Congestion Management Bilateral: E-Bid without price cap Collective: NLDC in coordination with Px

13 UI vs STOA market (All regions)
100% power market 92% long term market Principles of STOA & LTOA should be similar. 5% UI market 3% STOA/PX market

14 All India basis 14

15 All India basis

16 All India basis

17 Intra and Inter Regional Transactions

18 STOA CHARGES COLLECTED BY RLDCS
DURING THE YEAR All figures in Crores of Rs. RLDC PROCESSING FEE Operating Charges CTU Charges NRLDC 2.20 9.43 149.75 SRLDC 0.50 1.78 44.33 ERLDC 0.09 0.48 3.90 NERLDC 0.05 0.39 2.70 WRLDC 1.95 4.82 61.16 TOTAL 4.80 16.90 261.85

19 STOA – SUCCESS STORY Developed in consultation with all stakeholders
Applications Processed (Since Beginning) > 20,000 No. Volume (Approved Energy) (Since Beginning) > 90BUs Applications Approved > 95 % Refusal/Non-consent by SLDCs > % Refusal due to system constraints < 0.5 % 19

20 Robust Financial Settlement System Near Dispute free implementation
STOA – SUCCESS STORY Robust Financial Settlement System Near Dispute free implementation Logistics/infrastructure -In-house Confidence Building & Dissemination of knowledge 20

21 STOA – Encouraging facts
Transactions between extreme corners of the country RGCCPP ( Kayamkulam) to PSEB Arunachal Pradesh(NER) to PSEB TNEB to J&K Most of the Captive Generating plants used STOA and helped in meeting the demand. Ugar Sugars (KAR), Godavari Sugars (KAR) NCS Sugar(ANDHARA), Indorama ( MAH) Some of the states Simultaneous Buy & Sell on same day Transactions from few MW to hundreds of MW Improved performance of Generating Plants Diversity being gainfully utilized Enriching experience …. Still a long way to go … Max transfer 2780 on a day … 11-Aug-06 …. 21

22 STOA CASE KAYAMKULAM RGCCPP, NTPC to PSEB
150 MW for 31 days on Round the Clock basis

23 STOA OF KSEB(RGCCPP) - PSEB 0000 HRS – 2400 HRS 150MW AT RGCCPP EXBUS POINT for 31 days
NR CUSTOMER: NVVNL TRADER: NVVNL HVDC BACK TO BACK AT VINDHYACHAL IN WR INJECTING UTILITY KYCPP,KSEB DRAWEE UTILITY PSEB WR INTERVENING REGION WR HVDC BACK TO BACK AT BHADRWATHI IN WR INTERVENING REGIONAL LINK SR-WR WR-NR SR INTERVENING STATE TRANSMISSION UTILITY KSEB KERALA CAPACITY APPROVED MW DAILY PERIOD HRS KAYAMKULAM RGCCPP NTPC)

24 STOA OF KSEB(RGCCPP) - PSEB 0000 HRS – 2400 HRS 150MW AT RGCCPP EXBUS POINT for 31 days
NR EXPORT AT RGCCPP BUS 150 MW HVDC BACK TO BACK AT VINDHYACHAL IN WR AT KERALA PERIPHERY MW LOSSES IN KERALA % WR HVDC BACK TO BACK AT BHADRWATHI IN WR LOSSES IN SR % AT SR-WR PERIPHERY MW SR LOSSES IN WR % AT WR-NR PERIPHERY MW KERALA LOSSES IN NR % PSEB RECIEVES MW KAYAMKULAM RGCCPP(NTPC)

25 STOA OF KSEB(RGCCPP) - PSEB 0000 HRS – 2400 HRS 150MW AT RGCCPP EXBUS POINT for 31 days
APPLICATION PROCESSING FEE Rs 5000 PER TRANSACTION NR SCHEDULING CHARGES PER DAY(as per earlier regulations) Rs 3000 FOR SRLDC Rs 3000 FOR WRLDC Rs 3000 FOR NRLDC Rs 1000 FOR KSEB HVDC BACK TO BACK AT VINDHYACHAL IN WR WR HVDC BACK TO BACK AT BHADRWATHI IN WR SR TRANSMISSION CHARGES PER MW PER DAY Rs 843 FOR CTU-SR Rs 1311 FOR SR-WR LINK Rs 357 FOR CTU-WR Rs 600 FOR WR-NR LINK Rs 594 FOR CTU-NR Rs FOR KSEB TOTAL TRANSMISSION CHARGE PER UNIT 18.5/. Ps… KERALA Details KAYAMKULAM RGCCPP(NTPC)

26 STOA OF KSEB(RGCCPP) - PSEB 0000 HRS – 2400 HRS 150MW AT RGCCPP EXBUS POINT for 31 days
APPLICATION PROCESSING FEE(as at present) Rs 5000 PER TRANSACTION PSEB NR SCHEDULING CHARGES PER DAY Rs 2000 FOR SRLDC Rs 2000 FOR WRLDC Rs 2000 FOR NRLDC Rs 2000 FOR KSEB HVDC BACK TO BACK AT VINDHYACHAL IN WR WR HVDC BACK TO BACK AT BHADRWATHI IN WR SR TRANSMISSION CHARGES PER MWHR Rs 90 FOR Bilateral Wheeling through one or more region Rs 30 FOR KSEB TOTAL TRANSMISSION CHARGE PER UNIT 12.2/. Ps… KERALA Details KAYAMKULAM RGCCPP(NTPC)

27 SHORT TERM CHARGES FOR TRANSACTION OF RGCCPP – PSEB OF NVVNL (150 MW) as per earlier regulations
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28 CALCULATION FOR THE SHORT TERM CHARGES FOR THE TRANSACTION OF RGCCPP – PSEB OF NVVNL (150 MW)
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29 Typical Approvals- Captive Power Plants
Captive Power Plant Quantum( MW) Eastern Region NBVL(OPTCL) 27 SAIL-DSP(DVC) 20 TISCO(DVC) 60 Bhushan Steel 25 J.P Cement (Rewa) 5 Western Region Indo Rama synthetics 22 PSKL 10-30 Southern Region Renuka Sugar Vishwanath Sugar 7.5 Godavari Sugar Ugar Sugar Jindal Steel 200 Nav Bharat 50 NCS Sugar 13

30 STOA CASE APTRANSCO to MPSEB 100 MW for One day from 0000 to 0600 hrs.

31 HVDC BACK TO BACK AT BHADRWATHI IN WR
APTRANSCO - MPSEB THROUGH NVVNL (0000 HRS – 0600 HRS ) 100 MW AT INJECTION POINT for 1 day AP WR GRID MP HVDC BACK TO BACK AT BHADRWATHI IN WR CUSTOMER: NVVNL TRADER: NVVNL INJECTING UTILITY APTRANSCO DRAWEE UTILITY MPSEB INTERVENING REGIONAL LINK SR-WR CAPACITY APPROVED MW DAILY PERIOD HRS DATE OF COMMENCEMENT DATE OF EXPIRY

32 HVDC BACK TO BACK AT BHADRWATHI IN WR
APTRANSCO - MPSEB THROUGH NVVNL (0000 HRS – 0600 HRS ) 100 MW AT INJECTION POINT for 1 day AP WR GRID MP HVDC BACK TO BACK AT BHADRWATHI IN WR EXPORT AT AP MW LOSSES IN SR % AT SR PERIPHERY MW CTU LOSSES IN WR % MP RECIEVES MW TOTAL LOSSES FOR TRANSACTION MW

33 HVDC BACK TO BACK AT BHADRWATHI IN WR
APTRANSCO - MPSEB THROUGH NVVNL (0000 HRS – 0600 HRS ) 100 MW AT INJECTION POINT for 1 day AP WR GRID MP HVDC BACK TO BACK AT BHADRWATHI IN WR APPLICATION PROCESSING FEE Rs 5000 PER TRANSACTION SCHEDULING CHARGES PER DAY Rs 3000 FOR SRLDC Rs 3000 FOR WRLDC TRANSMISSION CHARGES PER MW PER DAY Rs FOR CTU-SR Rs FOR SR-WR LINK Rs FOR CTU-WR TOTAL TRANSMISSION CHARGE PER UNIT 33Ps/. NEW MORE DETAILS

34 CALCULATION FOR THE SHORT TERM CUSTOMER FOR THE TRANSACTION OF APTRANSCO – MPSEB OF NVVNL (100 MW)
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35 CALCULATION FOR THE SHORT TERM CUSTOMER FOR THE TRANSACTION OF APTRANSCO – MPSEB OF NVVNL (100 MW)
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36 CALCULATION FOR THE SHORT TERM CUSTOMER FOR THE TRANSACTION OF APTRANSCO – MPSEB OF NVVNL (100 MW)
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37 Comparison of CERC Regulations on Short-Term Open Access (Regulation 2004, Amendment 2005 and Regulations 2008) S. No. Old Regulations ( to ) Amended Regulations (w.e.f to ) Regulations, 2008 (w.e.f ) 1. Open Access Duration - Up to One year maximum - single application possible - Up to Three Months max. Bilateral -Up to 3 months separate application for each month Collective: Only Day ahead 2. ST Rate - in Rs/MW/Day - Min. Charges for one day - in Rs./MW/Day -Charges as per continuous block of up to 6 hours, 12 hours, and more than 12 hours Rate -in Rs/MWh - Based on Scheduled Energy

38 Comparison of CERC Regulations on Short-Term Open Access (Regulation 2004, Amendment 2005 and Regulations 2008) S. No. Old Regulations ( to ) Amended Regulations (w.e.f to ) Regulations, 2008 (w.e.f ) 3. Transmission Charges a. Intra Regional – 25% of Long Term Charges b. Inter Regional – 25% of a. Intra Regional – 25% of Long Term Charges b. Inter-Regional - 50% of Transmission Charges: Bilateral: Rs.30/MWh – intra- regional Rs.60/MWh – Between adjacent regions Rs90/MWh – Wheeling through one or more region Collective Transactions (Px): -Rs. 30/MWh for each point of injection and drawal 4. RLDC Charges a. Application fee – Rs. 5000/- b. Scheduling Charges – Rs. 3000/day for each RLDC involved c. Handling &Service Charges - 2% of total charges b. Scheduling Charges c. Handling & Service Charges – Nil RLDC Charges : Bilateral: – Rs. 2000/day for each RLDC involved c. Handling & Service Charges -Nil Collective Transactions: – Rs. 5000/day to NLDC for each State involved ; -NLDC to Share with RLDCs

39 Comparison of CERC Regulations on Short-Term Open Access (Regulation 2004, Amendment 2005 and Regulations 2008) S. No. Old Regulations ( to ) Amended Regulations (w.e.f to ) Regulations, 2008 (w.e.f ) 5. Retention by CTU a. Intra Regional – 25% of Charges collected b. Inter Regional – 25% of c. Balance disbursed to States Retention by CTU a. Intra Regional - 25% of Charges Collected b. Inter Regional % of Charges collected c. Balance disbursed to States 25% to be retained by CTU Balance disbursed to States 6. Congestion Management - E-Bid without price cap - E-Bid with price cap Bilateral: Collective: - NLDC in coordination with Px

40 WBSEB to AJMER (Rajasthan)
STOA CASE Comparison of CERC Regulations on Short-Term Open Access (Regulation 2004, Amendment 2005 and Regulations 2008) WBSEB to AJMER (Rajasthan) 20 MW for 27 days from 0000 to 1700 hrs. and 2300 to 2400 hrs.

41 WBSEB - AJMER WHEEL THROUGH SR (0000 HRS – 1700 HRS AND HRS) 20 MW FROM to HVDC BACK TO BACK AT VINDHYACHAL IN WR CUSTOMER: NVVNL TRADER: NVVNL RAJASTHAN WB INJECTING UTILITY WBSEB AJMER NR DRAWEE UTILITY AJMER (DISCOM) INTERVENING REGION SR & WR ER INTERVENING REGIONAL LINK ER-SR SR-WR WR-NR WR SR HVDC BACK TO BACK AT BHADRWATHI IN WR INTERVENING STATE TRANSMISSION UTILITY RRVPN CAPACITY APPROVED MW DAILY PERIOD & hrs HVDC BACK TO BACK AT GAZUWAKA IN SR DATE OF COMMENCEMENT DATE OF EXPIRY

42 WBSEB - AJMER WHEEL THROUGH SR (0000 HRS – 1700 HRS AND HRS) 20 MW FROM to HVDC BACK TO BACK AT VINDHYACHAL IN WR EXPORT AT WB 20 MW LOSSES IN ER % AT ER-SR PERIPHERY MW NR RAJASTHAN WB LOSSES IN SR % AJMER AT SR-WR PERIPHERY MW ER LOSSES IN WR % WR AT WR-NR PERIPHERY MW SR LOSSES IN NR % HVDC BACK TO BACK AT BHADRWATHI IN WR AT NR-RAJ.PERIPHERY MW LOSSES IN RAJASTHAN 3% AJMER RECIEVES MW HVDC BACK TO BACK AT GAZUWAKA IN SR TOTAL LOSSES FOR TRANSACTION 2.9 MW

43 WBSEB - AJMER WHEEL THROUGH SR (0000 HRS – 1700 HRS AND HRS) 20 MW AT INJECTION POINT FROM to HVDC BACK TO BACK AT VINDHYACHAL IN WR APPLICATION PROCESSING FEE Rs 5000 PER TRANSACTION RAJASTHAN NR WB SCHEDULING CHARGES PER DAY Rs 3000 FOR ERLDC Rs 3000 FOR SRLDC Rs 3000 FOR WRLDC Rs 3000 FOR NRLDC Rs 3000 FOR RAJASTHAN AJMER ER WR SR TRANSMISSION CHARGES PER MW PER DAY Rs FOR CTU-ER Rs FOR ER-SR LINK Rs FOR CTU-SR Rs FOR SR-WR LINK Rs FOR CTU-WR Rs FOR WR-NR LINK Rs FOR CTU-NR Rs FOR RAJASTHAN HVDC BACK TO BACK AT BHADRWATHI IN WR NEW HVDC BACK TO BACK AT GAZUWAKA IN SR TOTAL TRANSMISSION CHARGE PER UNIT 34.15Ps/. MORE DETAILS

44 CALCULATION FOR THE SHORT TERM CUSTOMER FOR THE TRANSACTION OF WBSEB – AJMER(RAJASTHAN) (20 MW)
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45 CALCULATION FOR THE SHORT TERM CUSTOMER FOR THE TRANSACTION OF WBSEB – AJMER(RAJASTHAN) (20 MW)
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46 CALCULATION FOR THE SHORT TERM CUSTOMER FOR THE TRANSACTION OF WBSEB – AJMER(RAJASTHAN) (20 MW)
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47 Unscheduled Inter-change (UI) Charges
Any mismatch between the scheduled and the actual drawal at drawal points and scheduled and the actual injection at injection points for the intra- State entities shall be determined by the concerned State Load Despatch Centre and covered in the intra-State UI accounting scheme. Unless specified otherwise by the concerned State Commission, UI rate for intra-State entity shall be 105% (for over-drawals or under generation) and 95% (for under-drawals or over generation) of UI rate at the periphery of regional entity.

48 Development of the Power Market in India through OA & PX
Section 66, IE Act 2003 National Electricity Policy, 12-Feb-2005, Para 5.7.1(d) Implementation of Inter-State ABT : Metering, Scheduling and Settlement Introduction of Open Access in Inter State Transmission : May 2004 Development of PX Staff paper by CERC : July 2006 Public hearing : December 2006 Guidelines for setting up PX : February 2007 Approval for setting up first PX : MCX, August 2007 One PX (Indian Energy exchange) started functioning Approval given for 2nd power exchange by Hon’bleCERC

49 Power Exchange A Power exchange facilitates equitable, transparent and efficient trading of power. Bridges the demand supply mismatch by bringing larger players together for buying and selling in an auction based system. While maintaining complete anonymity, resolves the constraints in the earlier formats, Viz. search costs, transaction costs, and counter-party risks.

50 Power Exchange Presently CERC has allowed only Day ahead Market
At present CERC has allowed only National level operated Power exchanges. In due course if need arises Regional level operated exchanges might come. In power exchanges, as per CERC norms the price discovery is through Double sided closed auction. Collective transaction means a set of transactions discovered in power exchange through anonymous, simultaneous competitive bidding by buyers and sellers For Power Exchange transactions the Nodal agency will be National Load Despatch Centre (NLDC).

51 Power Exchange Generally the ATC declaration is done by NLDC on its web site every day. Depending on the corridor availabilities the solution is found out by the power exchanges and the allowed trades will be intimated to NLDC. If there is no congestion NLDC will accept the trades and issue the schedules to the power exchange and the same will be implemented in RLDC schedules. In Power Exchange transactions both buyer and seller have to pay the Transmission and operating charges separately. The transmission losses also have to be borne by the buyer and seller separately.

52 Procedure for Scheduling of Collective Transaction
Submission/processing of of application - Time frame for various activities Scheduling Treatment of losses Congestion management Commercial conditions Disbursal of payments

53 Time frame 1100 Hrs: NLDC intimate Power Exchange(s) list of
Interfaces/control areas/ transmission System on which unconstrained flows are required to be advised by PX 1300 hrs: Power Exchange(s) Furnish the interchange, Total drawal & Injection in each of the regions. NLDC check for congestion. 14:00 Hrs: NLDC intimate PowerExchange(s) the period of congestion/available limits. 15:00 Hrs: Application for scheduling of collective transaction by Power Exchange(s) to NLDC Power Exchange(s) ensure the scheduling Request is within the limit as per the Standing Clearance /No objection certificate by Utilities.

54 ..contd Details of scheduling Request by Power Exchange(s) to NLDC (format-PX-III) by Clubbing of all Buyers /Sellers within a state for scheduling by RLDC. 16:00 Hrs: NLDC sends details to RLDCs for final checking and incorporating in Scheduling 17:00 Hrs: Confirmation of Acceptance by RLDC to NLDC. 17:30 Hrs: Acceptance of scheduling of collective transaction by NLDC to Power Exchange(s). 18:00 Hrs: Scheduling by RLDCs

55 Scheduling periphery of the Regional Entities.
RLDCs schedules the Collective Transaction at the respective periphery of the Regional Entities. RLDCs incorporate all buyers within a State (clubbed together as one group) and all sellers within a State (clubbed together as another group), in the schedules of the Collective Transactions. The individual transactions for State Utilities/intra-State Entities will be scheduled by the respective SLDCs. Power Exchange(s) shall send the detailed breakup of each point of injection and each point of drawal within the State to respective SLDCs by 18:00 Hrs. after receipt of acceptance from NLDC. The details for Scheduling Request for Collective Transaction shall be submitted by Power Exchange (s) to the respective SLDCs

56 TREATMENT OF LOSSES Inter-State transmission losses would be applied separately on Buyers as well as Sellers of Collective Transaction, for arriving at the Schedules. To compensate for losses in the inter-State transmission system, the Sellers in the Collective Transaction shall inject extra power (MW), in addition to the contracted power. To compensate for the losses in the inter-State transmission system, the Buyers in the Collective transaction shall draw less power (MW) than contracted power. The average transmission losses of the respective Region would be applied along with additional losses (if any),

57 Regulation 2008 of CERC Regulations on Collective Transactions
(From ) NLDC Charges Collective Transactions: Application fee – Rs. 5000/- Transmission charges -Rs 30/MWh for each point of injection and drawal c. Scheduling Charges – Rs. 5000/day to NLDC for each entity involved ; -NLDC to Share with RLDCs d. All buyers within a state :clubbed into one group All sellers within a state :clubbed into one group Payment of Tr and op charges by PX to NLDC by next working day Tr and op charges for SLDCs shall be directly settled by PX with respective SLDC Congestion Management Collective: NLDC in coordination with Px

58 REAL TIME CONGESTION MANAGEMENT
In case of transmission constraint or threat to grid security, the scheduled transactions may be curtailed in the manner as decided by the NLDC /RLDCs / SLDCs to relieve the transmission constraint/ to improve grid security. Collective Transaction through Power Exchange(s) would normally be curtailed subsequent to the Short-Term Bilateral Transaction(s).

59 …contd RLDCs would curtail a Transaction at the periphery of the Regional Entities. SLDC(s) shall further incorporate the inter-se curtailment of intra-State Entities to implement the curtailment. In case of curtailment of a Transaction caused by transmission constraints / threat to grid security, the Transmission Charges in respect of such Transaction shall be payable on pro-rata basis in accordance with the finally Implemented Schedules. Operating Charges shall not be revised in case of curtailment. Power Exchange (s) shall be responsible for the settlement on account of curtailment, directly with its participants. NLDC/RLDCs/SLDCs shall interact only with the respective Power Exchange(s), for the same

60 Intra/Inter-Regional exchanges through IEX.

61 Intra/Inter-Regional exchanges through IEX. - SR

62 Toal Energy Exchange – SR


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