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Message from IEX Chairman

Five years ago, on 27th June 2008, the Indian Energy Exchange (IEX) commenced its operations as the first power exchange in India with the objective to provide an electronic platform for trading in electricity. The IEX was set up under the aegis of Financial Technologies (India) Ltd (FTIL), a successful technology solutions provider, and PTC Financial Services, a wholly owned subsidiary of PTC India Ltd. Exchanges across the globe are set up with the prime motive of competitive price discovery. However, in India, it was established to serve as an optional, electronic, nationwide competitive platform for trade in electricity. Little was known of the potential of such an exchange and the contribution it could make to the Indian power sector. I am delighted to share with you that, in this short span of five years, IEX has crossed many milestones. We are the first power exchange to have been set up in the country. On our first day of operations, we had only a handful of participants and the trading was a mere 0.058 MUs of electricity. Today, IEX, on an average, trades around 80 MUs of electricity daily in its Day-Ahead Market with average daily participation of over 1300 buyers and sellers. Our journey has indeed been eventful and our core competencies have positioned us as Indias largest marketplace for electricity trading with over 90% market share across our product portfolio in volumes growing at a CAGR of 54%. With over 2600 market participants (of which over 1900 are industrial consumers) comprising 27 States, 5 UTs, 500 Generators and a share of 30% in the short term market in the country, we have been serving as a valuable link in bridging the larger power demand-supply gap in the country. Product Portfolio: Back in 2008, we started our operations by introducing Day Ahead Market (DAM) allowing consumers to procure power for the following day. Today, we also offer four products in the Term Ahead Market (TAM) segment, helping the participants manage their power needs up to eleven days in advance. The exchange also aids in accelerating renewable energy deployment by providing a platform for trading in RECs (Renewable Energy Certificates). In these five years of operations, over 65

BUs of power have been traded through IEX across these product categories.

Sparking industrial revolution:

Since inception, IEX has made significant strides in facilitating access to power to consumers in the most transparent, competitive and reliable way for the ultimate benefit of all the stakeholders. We operationalised open access for the 1 MW and above retail consumers. Today, over 1900 open access industrial consumers are utilising the exchange platform as an alternate to meet their power requirements in the most cost effective and reliable way. One of the leading business dailies of the country, The Economic Times, has gone to the extent of describing us as having sparked the industrial revolution.

Impact on the power value chain:

Apart from greatly aiding industrial growth, the impact of our platform has also been felt across other parts of the power value chain. We have enabled optimum utilisation of the energy resources in the country by connecting the surplus regions to the deficit ones. The electricity prices discovered in the Exchange serve as national benchmark or reference point and are, therefore, of a great significance. The price signals that emanated from the exchange in the initial years of its establishment greatly encouraged private players to invest in creating generation capacity thereby promoting competition in the sector. And, last but not the least, the market congestion, which has been a constant impediment in exchange operations, has signaled the need for reinforcement and augmentation of transmission network in the country.

Looking forward:
In the near future, we look forward to providing the exchange platform to trade in energy savings certificates under the Perform, Achieve and Trade (PAT) scheme of the Bureau of Energy Efficiency. With CERC planning to further tighten the grid frequency band and to increase Unscheduled-interchange (UI) rates, we expect a substantial increase in the quantum of electricity being traded through the exchange in line with the trend in developed economies where exchange-traded power constitutes 100% or near 100% of electricity generated, transmitted and distributed and where the open access principle is an article of faith. In times to come, we indeed aspire to constitute at least 15% of the total generation in the country. I take this opportunity to thank all our stakeholders for their unrelenting support and, going forward, our endeavor will be to accelerate the momentum and further build the competitive landscape across the entire Indian Power Sector.

Venkat Chary
Chairman, IEX

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Message from Chairman and Group CEO

Our group has been at the forefront of providing the best and most efficient technology for organized markets for almost all asset classes. The common thread running through all our ventures is to provide accessible platforms enabling robust price discovery and promoting the spirit of growth and inclusion. IEX was conceived with the similar mission to provide a structured, transparent marketplace in power and to usher in modernisation of the Indian power markets. In its five years of existence, the trading platform provided by IEX has indeed enabled and empowered the sector by demonstrably reducing inefficiencies in the system. Today, IEX meets its objectives by providing a nationwide platform surpassing the locational barriers and harnessing the available power resources in the best possible way. Energy is at the heart of industrial growth of any country and our challenge has been the lack of reliable supply of electricity for the Indian Industry. IEX has facilitated these industrial consumers to manage their power needs in the most cost effective and reliable manner and IEX enables industry to contribute significantly towards countrys GDP . The credibility and acceptance of IEX can be seen from IEXs consistent high market share of above 90% across its product portfolio and participation from across the cross section including industries, generators, traders and distribution companies. The exchange which was

started five years back amidst a lot of apprehensions has today proved its mettle and is successfully operating in a supply deficit scenario with tremendous growth on all parameters. While all these milestones achieved makes me extremely happy, I believe this is not the means to an end. The markets are designed to cater to the evolving local needs and change has to be the only constant for the progress of any market and I trust the platform provided by IEX will continue to pioneer the launch of innovative long term products for further development of Indias power markets and also work with the government and regulators to achieve the ultimate goal of Power to All. I congratulate the team behind this success and commend the trust portrayed by all the stakeholders in making IEX the leading power exchange of India. We understand the role of technology and our attempt will always be to bring the best practices from around the world to the Indian markets. I hope IEX will continue providing complete gamut of markets like Ancillary Services, Capacity and very vibrant intra-day and forward markets and facilitate trading of at least 10-15 percent of total generation in times to come.

Jignesh Shah
Chairman & Group CEO

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JULY 2013, ISSUE 66

Bulletin
In this Issue
REGULATORY NEWS RERC issues tariff order for FY 13-14 UPERC issues Suo-moto tariff order for FY 2013-14 TNERC issues tariff order for generation and distribution of TANGEDCO and TANTRANSCO for the FY 2013-14 MERC issues MYT order for TPC for FY 2012-13 to FY 2015-16 DHBVN files petition in HERC on determination of CSS, additional surcharge and recovery of FSA for open access consumers CERC issues draft Deviation Settlement Mechanism and related matters Regulations, 2013

INDUSTRY NEWS Power Market Update: June13 FRP takes off with TN issuing bonds, leaving number of eligible states to six FOCUS OF THE MONTH Renewable Regulatory Fund RENEWABLE NEWS REC Market Update- June13 Green Corridor to be set up soon INTERNATIONAL NEWS IEX TRADE INFO JUNE 13

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REGULATORY NEWS
RERC issues tariff order for FY 13-14
The highlights of the order issued by RERC on 6th June, 2013, are as follows: HT Industrial Tariff: - No change in the existing tariff structure, existing rates shall apply which are as follows:
Tariff Category Energy Charges Fixed Charges ` 125/ KVA/ month ` 140/ KVA/ month

UPERC issues Suo-moto tariff order for FY 2013-14 2013-14

Uttar Pradesh Electricity Regulatory Commission issued suo-moto tariff orders for MVVNL, PVVNL, PuVVNL, KESCO, DVVNL, and tariff order for NPCL for the FY 14. The highlights of the same are as follows: Tariff: No change in the HT tariff structure, however LT category tariffs have been increased substantially
11 kV 11 kV and up to 66 kV above 66 kV and up to 132 kV above 132 kV

HV-2 Category

Medium Industries (HT-3) Bulk Supply for mixed load (HT-4) Large Industries (HT-5) ` 5.25/ unit

Demand Charges Energy Charges

` 250/ kVA / month ` 5.90 / kVAh

` 240/ kVA / month ` 5.60 / kVAh

` 220/ kVA / month ` 5.40 / kVAh

` 220/ kVA / month ` 5.20 / kVAh

` 5.50/ unit

Distribution Losses: ranged between 17% - 20% Transmission tariff for collective power exchange transactions: 36.80 Paisa /kWh Transmission losses: 4.20%
Source: RERC Website

TOD rates to vary from (-) 7.50% to (+) 15% Regulatory surcharge of 8% to be applicable on NPCL consumers and 3.5% on others

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 Open Access charges: - CSS: Nil - Wheeling Charges: to range between ` 0.620/ kWh ` 1.450 kWh - Wheeling Losses
Particulars Connected at 11 kV Connected above 11 kV NPCL 2.75% 2.13% MVVNL, PVVNL, PuVVNL, DVVNL, KESCO 8% 7%

Renewable Purchase Obligation (RPO): - 9% RPO fixed for all sources of RE put together and 0.05% for Solar specifically - Quantum to be purchased through RPO 6076.37 MU in FY 14 from RE 33.76 MU in FY 14 from Solar

Source: TNERC Website

MERC issues MYT order for TPC for FY 2012-13 to FY 2015-16

On 28th June, 2013, MERC issued Multi-year tariff order for Tata Power Company Ltd (TPC) for the period of FY 2012-13 to FY 2015-16, for its distribution business. The highlights of the order are as follows: HT Industrial Tariff
Fixed/ Demand Charge Wheeling Charge (` / kWh) Energy Charge (` / kWh)

- Distribution Losses
DISCOMS MVVNL, PVVNL, PuVVNL, DVVNL NPCL KESCO Approved 2013-14 22.81% 8.00% 23.00%

Consumption Slab (kWh)

All Units Source: UPERC Website

` 200 /kVA/ month

0.89

6.20

TNERC issues tariff order for generation and distribution of TANGEDCO and TANTRANSCO for the FY 2013-14
On 20th June,2013, TNERC issued an order determining tariff for generation, distribution and transmission for the FY 14. The key highlights of the order are as follows: HT Industrial Tariff: No hike from the last order, energy charge of ` 5.50 /kWh and demand charge of ` 300/kVA per month to be applicable for the fiscal Open Access Charges:

Open Access Charges

FY 2013-14 1.12% 4.17% 4.70% ` 1.70/kWh ` 1.02/kWh

Charges Wheeling Loss Transmission Loss System Loss CSS Wheeling Charges (HT-Industrial)

Wheeling Charges Cross Subsidy surcharge* Transmission charges inter/ intra state STOA

17.35 p/kWh Range between ` 1.41 /kWh ` 4.81/kWh ` 82.21 /MW/hr

RPO obligation
FY 2013-14

Solar Non Solar

0.50% 8.50%

*Not applicable till the time R&C measures are effective

Transmission loss: 2.70% Distribution loss: 13.70%

Source: MERC Website

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DHBVN files petition in HERC on determination of CSS, additional surcharge and recovery of FSA for open access consumers
As per the petition, the petitioner DHBVN has requested the Commission: To allow the recovery of cross subsidy surcharge of ` 1.94/unit, ` 1.69/unit, ` 1.94/unit and ` 1.65/unit from the categories HT Industry, NDS, Bulk Supply and Railways respectively To allow the recovery of additional surcharge of `1.00/ unit from all Open Access consumers To pass the recovery of Fuel Surcharge Adjustments (FSAs) and Regulatory Asset Surcharge (RAS) to Open Access Consumers as well as to allow recovery against the same of ` 2.68/unit, ` 2.73/unit, ` 2.58/ unit and ` 2.68/unit from the categories HT Industry, NDS, Bulk Supply and Railways respectively

In case of frequency above 49.95 Hz

Additional

charge will be the specified percentage (20%, 40% or 100%) of deviation charge corresponding to frequency below 49.95 Hz on crossing the volume limit as specified below:
Additional Charge (as a percentage)

Limits on deviation volume > 12% - 15% of schedule/ >150 MW - 200 MW in a time block/ > 3% - 4% of the schedule over a day > 15 % - 20% of schedule/ > 200 MW - 250 MW in a time block/ > 4% - 5% of schedule over a day > 20 % of schedule/ > 250 MW in a time block/ > 5% of schedule over a day

20%

40%

100%

Source: HERC Website

Frequency below 49.95 Hz

A dditional charge equivalent to 100% of the Charge for Deviation to the grid frequency of below 49.95 Hz

CERC issues draft Deviation Settlement Mechanism and related matters Regulations, 2013
On 20th June, 2013, CERC issued notification on draft CERC (Deviation and Settlement mechanism and related matters) regulations, 2013. As per the draft, the frequency band for grid operations will further be narrowed to 49.95 Hz 50.05 Hz. Charges for over/under drawal and over/under injection will be worked out on the average frequency of time block at the rates as below: Each 0.01 Hz step equivalent to 35.60 Paise/kWh in the 50.05-50.00 Hz frequency range, 155.40 Paise/ kWh in the below 50 Hz to 49.95 Hz frequency range The charges for the deviation for the under drawls by the buyer and the over-injection by the seller shall not exceed the Cap Rate of 333.40 Paise/kWh

Source: CERC Website

Beyond the limit set on deviation volume, the following additional charges are proposed, to be levied over and above the deviation charge:

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INDUSTRY NEWS
Power Market Update: June13
The day-ahead power market at IEX in the month of June 2013 continued to remain attractive in terms of price for the buyers. On an overall basis, in terms of volume of power traded, the market saw northern and southern regions as the net buyers of power while the eastern, western and the north-eastern region were the net sellers of power. The Load Generation Balance Report (LGBR) for the FY 2013-14 released by CEA a few weeks back, anticipated the gap between availability of energy and requirement in the month of June 13 to be to the tune of 7009 MUs at all India level, with only western and eastern region meeting their energy demands. The larger trend in the Day-ahead Market at the exchange was however on the contrary, where the sell bids far exceeded the buy bids. Total purchase bids received in the DAM for the month of June13 was close to 2578.3 MUs and the total sale bids were over 4191.5 MUs, indicating a surplus in the market. Area wise total cleared sell and buy volume in the DAM is represented in the table below with respective anticipated energy gap as per CEAs LGBR.
Anticipated Energy Deficit/ Surplus* (MUs) -3316 -4450 709 97 -49 -7009 Deficit/ Surplus (%)* -10.50% -17.80% 7% 0.40% -4.80% -7.8% Total Buy in DAM (MUs) 858.57 596.28 8.84 619.36 31.52 2114.57 Total Sell in DAM (MUs) 852.04 353.58 197.98 637.08 73.88 2114.57 Net Buy Net Buy Net Sell Net Sell Net Sell

power arrangements to meet its anticipated rise in demand practically leaving no grid availability for other transactions. Despite arranging for additional power, the state continues to face demand outstripping supply. The area prices in other regions were also lower vis--vis last month. The average prices in the southern region showed maximum downfall of 33% in a months time, reaching ` 4.36 per unit.
Bid Area June13 North-East (A1,A2) East (E1,E2) North (N1,N2) North (N3) South (S1) South (S2) West (W1,W2) West (W3) UN_MCP* 1.94 1.93 1.96 2.36 4.36 4.42 1.95 1.94 2.22 Average Prices (`/kWh) May 13 2.32 2.31 2.36 2.36 6.47 6.47 2.36 2.36 2.73 % change 16% 16% 17% 0% 33% 32% 17% 18% 19%

*UN_MCP: Unconstrained market clearing price refers to the price discovered before accounting for any congestion in the transmission corridor

Region

Net

Northern Southern Eastern Western North Eastern Total

However, in the month of June the average participation at IEX in the Day-ahead electricity market was 1354, higher than 1297 in the month of May 13, whereas the maximum participation of 1410 was observed on 22nd June 2013. On an overall basis, IEX has a total of 2184 participants in the electricity market of which 1900+ clients are industrial open access clients.

FRP takes off with TN issuing bonds, leaving number of eligible states to six
The Centres debt restructuring scheme for power distribution companies has taken off with Tamil Nadu becoming the first state to issue bonds worth ` 6,144 crore in the first phase. The number of states that are eligible and will be a part of the governments financial restructuring package (FRP) is likely to be six including Punjab, Haryana, Rajasthan, Tamil Nadu, Madhya Pradesh and Uttar Pradesh. Jharkhand, which has not yet unbundled its power operations, may be able to get into the scheme with a caveat that it will complete the unbundling exercise within a stipulated time. The Union government has, however, refused to accept the Kerala model of unbundling the power business, making it difficult for the state to subscribe to debt restructuring package. The states of Rajasthan, Uttar Pradesh and Haryana have already settled terms for FRP with the bankers. The status of Punjab and Madhya Pradesh is still to be decided.

*As per CEA LGBR 2013-14

The average daily cleared volume for the month was 70.4 MUs. Whereas, the total cleared volume for the month was 2114 MUs, lower than 2499 MUs traded in the previous month. Around 304 MUs were lost owing to congestion in the transmission network.
June 12 (Same month last year) 51.2

June13

May 13

Avg. daily cleared volume (MUs)

70.4

80.62

As a result of excessive supply and suppressed demand, the prices in June 13 continued to show a downward trend. The average area price in N3 (Punjab) remained same as compared to last month, due to non-availability of transmission corridor as the state had tied up short term

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Key Highlights

FOCUS OF THE MONTH

Renewable Regulatory Fund
The need for increased reliance on non-conventional energy is more pressing than ever owing to growing concerns on account of climate change. MNRE has targeted to achieve capacity addition of 30,000 MW from non-conventional energy in the XII Five year plan period. The Electricity Act 2003, as well as the National Action Plan on Climate Change (NAPCC), provide the framework for increasing the share of renewable energy in the total generation capacity in the country. Although, India has rich sources of renewable energy but these are not equally distributed throughout the nation. Moreover, variability and unpredictability which are inherent qualities associated with a few renewable resources make it difficult to schedule the energy generated through these resources. Both wind and solar power are infirm in nature, that is, difficult to predict and vary significantly on an hourly, daily and seasonal basis. This variability makes grid-management a challenging task. Recognizing these challenges and to provide impetus to renewable capacity addition, CERC has notified RRF (Renewable Regulatory Fund) to enable better management of the grid and allow wind and solar farms to schedule power for a day in advance. RRF provides a band (+/- 30% for wind generator) under which the charge for imbalance (UI applicable for over/under generation) to that extent is not levied on the generator but settled through the fund. Thus, RRF would bear charges imposed on states hosting such RE projects that fail to comply with their energy supply commitments to the electricity grid. Implications of deviation in this specified band are to be shared among all states/UTs/DVC in ratio of their peak demand met in the previous month in the form of a Renewable Regulatory Charge (RRC) operated through the RRF. In its order dated 16 January, 2013, CERC while addressing a few concerns raised by stakeholders directed all concerned stakeholders to gear up for the implementation of the RRF mechanism from 1st July, 2013. This has however been deferred till 15th July, 2013 in the order issued by CERC on 9th July, 2013 i.e. Approval of detailed Procedure for the Implementation of the Mechanism of Renewable Regulatory Fund under Regulation 6.1 (d) of Central Electricity Regulatory Commission (Indian Electricity Grid Code), Regulations 2010.
th

RRF Procedure Criteria for Wind & Solar Generators

Wind Applicability (collective capacity at the pooling station) Connection Point Forecasting Obligation on the co-ordinating agency Deviation (UI Charges) 33 kV Up to an accuracy of 70% 33 kV Based on availability of generation requirements Yes (But No Charges to Generators/coordinating agency) Outside +&- 30% Coordinating agency (CA) for the Pooling Station CA with the host state Based on the UI rate in the region 10 MW & Above 5 MW & Above Solar

Yes Within +&30%

Payable/ Receivable By

Host State Agency Through RRF

Host state agency

Settlement Amount Payable

Calculated based on the difference between reference rate and UI rate

To summarize, the RRF Mechanism aims to: Achieve better generation forecasting tools prediction using weather

Safeguard wind generators from paying deviation in UI charges up to a certain level of variation No UI charges payable/receivable by the Solar Generator Socialise the deviation charges incurred due to variations amongst different state utilities Develop a self sustaining mechanism towards better acceptance of intermittent generation

With an objective to enhance the predictability of variable renewable power, the RRF mechanism encourages wind/solar generators to participate in scheduling. The introduction of this mechanism is also likely to encourage acceptance of variable renewable generation in the grid, enhance grid stability as well as increase the tradability of renewable energy. It is estimated that wind generation capacity of approximately 5 GW is expected to be covered under this mechanism vis--vis the total installed wind capacity of 19 GW.

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RENEWABLE NEWS
REC Market Update- June13
The third Renewable Energy Certificate (REC) trading session of FY 14 held on 26th June, 2013, at IEX featured the trade of 36,147 N-Solar and 797 Solar RECs. For nonsolar RECs, buy bids of 36,147 RECs and sell bids of 14, 01,048 RECs were received, against which 36,147 were cleared at ` 1500 per REC. For solar RECs, buy bids of 797 RECs and sell bids of 2,836 RECs were received, against which 797 RECs were cleared at ` 9,300 per REC. The trading session featured participation largely from the open-access consumers. In terms of numbers, the session had 798 market participants of whom 634 participated in non-solar segment while 164 participated in the solar segment. Overall participation showed a 26% increase over the previous session. On an overall basis, a total of 1762 participants are registered in the REC segment at IEX. Of this, 439 are eligible entities (RE generators), 1310 are obligated entities (Discoms, Open access consumers & Captive generators) and 13 are registered as voluntary entities. Summary of the REC Trading Session held on 26th June, 2013 is as below:
Non-solar REC Solar REC

Green Corridor to be set up soon

Two major high-capacity transmission corridors, exclusively meant for renewable energy, are being set up in Tamil Nadu. Estimated to a cost of ` 4,400 crore, the corridors are capable of evacuating at least 2,000 Megawatt (MW) each. One corridor is from Kayathar of Tuticorin district to Sholinganallur, now part of the limits of Chennai Corporation, and the other, between Thappagundu of Theni district to Salem. The first corridor, covering about 700 km, is likely to be commissioned by March next year, while the other line, with a length of about 400 km, is expected to be ready by 2014 end. Aimed at addressing the concerns of investors in the wind energy sector regarding inadequate evacuation facilities in the State, the two corridors will take care of the States future requirements too.

INTERNATIONAL NEWS
Saudi Arabia and Egypt sign electricity exchange agreement
Saudi Arabia and Egypt signed a USD 1.6 billion deal on 1st June, 2013, to link their electricity grid as part of a project that will allow the two countries to share power. This agreement will require the construction of a 12mile underwater cable to facilitate electricity exchange. This project will allow both countries to share power of up to 3,000 Megawatts, and will achieve a return on investment of 13% for each country. The electricity interconnection project is expected to relieve peak-time pressures on the electricity grid in both countries. Peak-time summer power consumption in Saudi Arabia falls between noon and mid-afternoon, when air conditioners are used intensively, while in Egypt peak time falls after sunset. The Saudi and Egyptian electricity companies will take responsibility for funding, ownership, operation, and maintenance of the power grid and electricity cables inside their respective territories.

Trade Volume (REC) Sale bid (REC) Purchase Bid (REC) Price discovered (Rs/REC) No. of participants

36,147 14,01,048 36,147 1,500 634

797 2,836 797 9,300 164

An overview of participation in the REC Market at IEX as on 30th June:

Total number of registered participants Obligated Entity DISCOMs Open Access consumers Captive Consumer Voluntary Eligible Entity (Private Generators) Highest participation in an Auction(March13) 1,824 1,344 26 1,247 71 13 467 1,135

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IEX TRADE INFO - JUNE 2013

DAY - AHEAD MARKET
Total Volume (MUs) 2114.56 Average Daily Volume (MWh) Prices (`/kWh) Area East North East North(N1/N2) North(N3) West(W1/W2) West(W3) South(S1) South(S2) Min 0.90 0.90 0.90 0.90 0.90 0.90 1.00 1.00 Max 3.50 3.50 3.50 20.00 3.50 3.50 19.50 19.50 RTC* (0-24 hr) 1.94 1.95 1.96 2.37 1.95 1.95 4.37 4.43 Peak* (18-23 hr) 2.07 2.10 2.08 2.27 2.07 2.07 5.50 5.65 Non Peak* (1-17 & 24 hr) 1.90 1.90 1.92 2.39 1.91 1.90 3.99 4.02 Night* (1-6 & 24 hr) 1.74 1.75 1.78 2.15 1.75 1.75 3.37 3.37 70,485

* Simple Average of Area Clearing Prices for specified duration of time Participation Details (as on 30th June13) Total No. of registered participants Open access consumers Private Generators Highest participation in a day since inception (22 June, 2013)
nd

2,204 1,990 174 1,410

DAM Snapshot
Volume (in MUs) Purchase Bids Sale Bids Unconstrained Market Cleared Volume (MCV) Constrained MCV Cumulative Market Clearing Volume (April13 onwards) Maximum Unconstrained Volume in a day Daily Constrained Average Volume 2,578 4,191 2,419 2,114 7,129 101.02 70.4 Purchase Bids Sale Bids Unconstrained Market Cleared Volume Constrained Market Cleared Volume MCP (Rs/kWh) Average Minimum Maximum 2.22 1.58 2.75 Average Daily Volume (in MW) 3,581 5,821 3,360 2,936

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Price Differential (`/kWh)

0.00 1.00 2.00 3.00 4.00 5.00 6.00
0.05 0.10 0.15 0.20 0.25 0.30 0.00

Price Differential (`/kWh)

Solar
E

Non-Solar

Contracts

1REC=1MWh

Min price (`/kWh)

Max price (`/kWh)

Total Volume (MWh)*

South Import
NE

Accredited Weekly 36,147

Purchase Bids (REC)

NUMBER OF PROJECTS UNDER THE REC MECHANISM REC MARKET: PRICES & VOLUME 26TH JUNE 2013
797
Price Differential (`/kWh)
0.00 0.10 0.20 0.30 0.40 0.50 0.60 0.70

Registered 10,765 Intraday 1.50 3.50 1,401,048 36,147 2.90 2.90 Day-ahead Contingency Cleared (REC) 715

1/6/13 2/6/13 3/6/13 4/6/13 5/6/13 6/6/13 7/6/13 8/6/13 9/6/13 10/6/13 11/6/13 12/6/13 13/6/13 14/6/13 15/6/13 16/6/13 17/6/13 18/6/13 19/6/13 20/6/13 21/6/13 22/6/13 23/6/13 24/6/13 25/6/13 26/6/13 27/6/13 28/6/13 29/6/13 30/6/13 1/6/13 2/6/13 3/6/13 4/6/13 5/6/13 6/6/13 7/6/13 8/6/13 9/6/13 10/6/13 11/6/13 12/6/13 13/6/13 14/6/13 15/6/13 16/6/13 17/6/13 18/6/13 19/6/13 20/6/13 21/6/13 22/6/13 23/6/13 24/6/13 25/6/13 26/6/13 27/6/13 28/6/13 29/6/13 30/6/13

Price Differential (`/kWh)

0.20 0.18 0.16 0.14 0.12 0.10 0.08 0.06 0.04 0.02 0.00

CONGESTION PROFILE - JUNE 2013

TERM-AHEAD MARKET

Sell Bids (REC)

2,836 797

S1 S2

E N

Corridor availability for STOA revised from 1400 to 700

*Scheduled Volume in the month

761 Price ( ` /REC) 9,300 1,500

816

1/6/13 2/6/13 3/6/13 4/6/13 5/6/13 6/6/13 7/6/13 8/6/13 9/6/13 10/6/13 11/6/13 12/6/13 13/6/13 14/6/13 15/6/13 16/6/13 17/6/13 18/6/13 19/6/13 20/6/13 21/6/13 22/6/13 23/6/13 24/6/13 25/6/13 26/6/13 27/6/13 28/6/13 29/6/13 30/6/13

1/6/13 2/6/13 3/6/13 4/6/13 5/6/13 6/6/13 7/6/13 8/6/13 9/6/13 10/6/13 11/6/13 12/6/13 13/6/13 14/6/13 15/6/13 16/6/13 17/6/13 18/6/13 19/6/13 20/6/13 21/6/13 22/6/13 23/6/13 24/6/13 25/6/13 26/6/13 27/6/13 28/6/13 29/6/13 30/6/13

Daily

As on 30th June13

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IEX wins PowerLine Best Performing Exchange Award

Mr. Venkat Chary, Chairman, IEX and Mr. Rajesh K. Mediratta, Director, BD, IEX receiving the PowerLine Award from the Honble Minister of State for Power, Mr. Jyotiraditya Scindia

IEX bagged the PowerLine award for the Best Performing Trading Company/Exchange, second year in a row. The award was presented by Honble Minister of State for Power, Mr. Jyotiraditya Scindia at a gala ceremony held in the capital on 21st June, 2013. Mr. Venkat Chary, Chairman, IEX and Mr. Rajesh K. Mediratta, Director, IEX, received the award from the Honble Minister on behalf of the Exchange. The PowerLine award recognises excellence and outstanding performance in the Indian power sector. The winners of PowerLine Awards 2013 were selected by an

eminent panel of jury, following an extensive research conducted by PowerLine. The Jury for the Award included: Mr. R V Shahi, Former Power Secretary, and Chairman of the Awards jury; Mr. H L Bajaj, Former Member, Appellate Tribunal for Electricity and Former Chairman, Central Electricity Authority; Mr. C P Jain, Former CMD, NTPC Ltd; Mr. Uddesh Kohli, Former CMD, Power Finance Corporation; Mr. R K Narayan, Former CMD, Power Grid Corporation; Dr. S L Rao, Former Chairman, Central Electricity Regulatory Commission; and Mr. V Subramanian, Former Secretary, Ministry of New and Renewable Energy.

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Corporate Office: 100A/1 Ground Floor, Capital Court, Olof Palme Marg, Munirka, New Delhi - 110067, India. Tel No.: +91-11-4300 4000 Fax No.: +91-11-4300 4015 Registered Office: 1st Floor, Malkani Chamber, Off Nehru Road, Vile Parle (E), Mumbai - 400099.
Disclaimer The information featured in this bulletin has been compiled from sources deemed reliable and to the best of our knowledge. Whilst every effort has been made to ensure the accuracy of the information, IEX will not be held responsible for any errors or omissions neither will it be liable for damages nor losses suffered, personal or otherwise, due to the information contained in this bulletin.

Indian Energy Exchange Ltd.

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