- Market open at 22:45 hours for delivery period of first two blocks of next day.
- Total 48 bid sessions during the day are available.
- Each bid session for a duration of 15 minutes for the delivery of power for half an hour starting after 4-time blocks.
- Types of Bid available – Single & Block
- Bids entered can be revised or cancelled till gate closure.
Bid Matching
- At the end of the bid session, bids for each 15-minute time block are aggregated and matched using double sided closed auction methodology.
- The Area Clearing Price (ACP) and Area Clearing Volume (ACV) are determined for each block of 15 minutes.
- Selected participants are intimated about their executed bids and other trade related information within 1 time block after closure of auction period.
Funds availability
- Obligation will be generated after final matching for pay-in purpose.
- Fund validation in settlement account.
- Publish of market result to members.
Results
- Exchange to publish Area Clearing Price (ACP) and Area Clearing volume (ACV).
- Exchange to send final results for confirmation and application for scheduling of Collective transactions-RTM to NLDC.
- NLDC sends the details of the schedule to respective RLDCs.
- RLDCs /SLDCs incorporate Collective Transactions-RTM in the Daily schedule.
Electricity Delivery
- A scheduled transaction is considered deemed delivery.
- Deviations from schedules are dealt under Deviation Settlement Mechanism regulations. The Regional Entities (those connected at ISTS networks) are governed by CERC Regulations and Embedded Entities (those connected to state transmission or distribution network) are governed by respective State Commission’s regulations.