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What is Collective Transaction?

April 26, 2017collective transaction

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What is Collective Transaction?

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• Trading through Power exchange is called Collective transaction. Participants of Collective transaction enjoy priority in Scheduling over bilateral transaction application received within three days prior to the date of scheduling and up to 15:00 hrs of the one day before date of scheduling clubbed to-gather. • They also enjoy priority during curtailment due to sudden transmission Congestion over short term bilateral transaction. What are the different modules of Electricity trading through Exchange? At present Day-ahead. Anonymous, Simultaneous Competitive Bidding of Electricity Contracts on the Exchange with price determined from uniform pricing mechanism. In future Week ahead, Fortnight ahead, Month ahead, Quarter ahead, Year ahead and 3 year ahead markets are envisaged. What is the Contract Size? • Minimum Volume = 1MWH • Minimum Size = 1Hr • Minimum Bid Price: Tick Size = Re.