POWER TRADING THROUGH BILATERAL PROCESS

Bilateral transaction means a transaction for exchange of energy (MWh) between a specified buyer and a specified seller, directly or through a trading licensee or discovered at power exchange through anonymous bidding, from a specified point of injection to a specified point of drawl for a fixed or varying quantum of power (MW) for any time period during a month.

PROCEDURE FOR ADVANCE SCHEDULING OF BILATERAL TRANSACTION :

An Application for Advance Scheduling for a Bilateral Transaction may be submitted to the nodal RLDC up to the fourth month, considering the month in which an Application is made being the first month.

A separate Application shall be made for each month and for each transaction in a month in a suitable cover marked "Application for Short-Term Open Access - Advance Scheduling for - <>".

  • An Application for inter-State scheduling during the fourth month shall be made up to the last day of the first month.
  • An Application for inter-State scheduling during the third month shall be made up to the five (5) days prior to the close of the first month.
  • An Application for inter-State scheduling in the second month shall be made up to the ten (10) days prior to the close of the first month.

All the Applications received up to 17:30 Hrs on the last day as mentioned above shall be taken up together for consideration. Applications received after prescribed time shall not be considered.

While processing the Applications, the Nodal RLDC shall seek the concurrence of each of the other RLDCs involved in the transaction by 12:00 Hrs. on next day of the applicable last date for submission of Application.

The other RLDCs shall give their concurrence/denial latest by 20:00 Hrs on the same day on which request for concurrence is sent by the nodal RLDC.

In case of perceived congestion in transmission corridor, nodal RLDC on next day (i.e. 2nd day after the applicable last date for submission of Application) will inform the concerned applicant(s) as per enclosed format [FORMAT-IV: "Congestion Information-Advance Scheduling"] latest by 12:00 Hrs. By next day (i.e.; 3rd day after applicable last date for submission of Application) latest by 11:00 Hrs, the Applicants must inform the nodal RLDC as per enclosed format [FORMAT-V: "Request for Revision of Schedule- Due to Congestion"], the reduced request for Scheduling during the period of Congestion or opt for Scheduling only for the duration when no congestion is anticipated or opt for Scheduling through the alternate route. In case of non-receipt of revised request in time, it shall be presumed that the Applicant is not interested in revising it and nodal RLDC shall process the Application accordingly.

In case, the nodal RLDC still anticipates Congestion, it may invite electronic bids for advance scheduling on 4th day after applicable last date for submission of Application. In case, the nodal RLDC still anticipates Congestion, it may invite electronic bids for advance scheduling on 4th day after applicable last date for submission of Application. PROCEDURE FOR SCHEDULING OF BILATERAL TRANSACTION ON "FIRST-COME-FIRST-SERVED" BASIS :

An Application shall be submitted to the nodal RLDC in a cover marked "Application for scheduling on - First-come-first-served basis".

Application received under the following categories shall be treated as "First-Come-First-Served "application:-

  1. Application received under "First Come First Served" category for Short-Term Open Access shall be considered only when transactions are commencing and terminating in the same calendar month.
  2. Application for scheduling a Bilateral Transaction which is commencing in the same month in which Application is made, provided that such Application is received at least four (4) days in advance from the date of commencement of the Bilateral Transaction. All such Application shall be processed and decided within three days of their receipt.
  3. Application received during the last ten (10) days of the first month, for scheduling of transactions in the second month. However, Applications received up to five (5) days prior to the end of the month shall be processed only after completing the process for Advance Scheduling of Bilateral Transactions for the second month.

All Applications received by the Nodal RLDC in a day up to 17:30 hrs shall be considered together for processing and shall have same priority. Applications received by the nodal RLDC after 17:30 hrs of a day shall be treated as having been received on next day.

Pro-rata scheduling acceptance shall be given in case scheduling requests of the Applicants is for more than the margins available.

PROCEDURE FOR SCHEDULING OF DAY-AHEAD BILATERALTRANSACTION

Applications received within three days prior to the date of scheduling and upto 15:00 Hrs. of the day immediately preceding the day of scheduling shall be treated as having been received together for processing and shall have same priority.

Applications for Day Ahead transactions shall be processed only after processing of the Collective Transactions of the Power Exchange(s).

Pro-rata scheduling acceptance shall be given in case scheduling requests of theApplicants is for more than the margins available.

PROCEDURE FOR SCHEDULING OF BILATERAL TRANSACTION IN A CONTINGENCY

In the event of a contingency, the buyer or in its behalf, a trader may locate, and the power exchange may offer its platform to locate, a source of power to meet short-term contingency requirement and make an Application to the Nodal RLDC.

Nodal RLDC shall accept such Application only after 1500 hrs of the day immediately preceding the day of scheduling.

Nodal RLDC shall take steps to incorporate such Bilateral Transactions in Day Ahead schedules/Same -Day schedules, as the case may be. In case of Same Day, the transaction shall be scheduled from the 6th time block, counting the block in which acceptance is accorded as the first time block.

Applications received by 1800 Hrs under the contingency category for scheduling of bilateral transactions on the next day shall be taken up together for processing. Applications received after 1800 Hrs under the contingency category for scheduling of bilateral transactions on the next day and those applications received on the same day shall be processed on a first come first serve basis.

Pro-rata scheduling acceptance shall be given in case scheduling requests of the Applicants is for more than the margins available

.

REVISON OF SCHEDULE

The Short-Term Open Access Schedules accepted by the Nodal RLDCs in case of "Advance Scheduling" or "First-Cum-First Served basis" may be cancelled or revised downwards by the Applicant by giving minimum two (2) days notice. The notice period shall be excluding the day on which notice is served and the day from which revised schedules are to be implemented.

The accepted schedules for Day-Ahead transactions and transactions in a Contingency shall not be revised or cancelled.

The Applicant, who has requested for revision or cancellation of the accepted schedule as above, shall pay the Transmission Charges and Operating Charges as per the originally accepted schedule, if the period of revision or cancellation is upto two (2) days. If the period of revision or cancellation exceeds two(2) days, the Transmission Charges and Operating Charges for the period beyond two (2) days shall be payable as per the revised accepted schedule and for the first two (2) days as per the original schedule.

COMMERCIAL CONDITIONS FOR BILATERAL TRANSACTION

The following commercial conditions shall apply for the Bilateral Transaction:

TERMS OF PAYMENT

All payments associated with Bilateral Transaction shall be made by the

Applicant to the Nodal RLDC.

The Applicant shall make the following payment to the Nodal RLDC withi three working days from the date of acceptance of Bilateral Transactions. The charges for scheduling of Bilateral Transactions will be worked out on the basis of total MWh approved at the point of injection.

a) Application Fees

An Application made for each Bilateral Transaction shall be accompanied by a non-refundable fee of Rupees five thousand (Rs.5000/-) only. Provided that the fee for Bilateral Transaction on the day of the Application or on the day immediately following the day of the Application may be deposited within three working days of submission of the Application.

b)Transmission charges

Full amount for the entire period of Bilateral Transaction, in respect of the Following:

  1. Regional Transmission systems involved
  2. STU/SEB/transmission licensees involved

c) Operating charges

Operating Charges at the rate of Rs.2000/- per day or part of the day of each for the entire period of Bilateral Transaction in respect of the following:

  1. Each RLDC involved
  2. Each SLDC involved