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IEX Details

Manikaran Power Limited offers a range of services including real-time energy monitoring, power trading on Indian exchanges, and consultancy for renewable energy compliance. The company holds a Category 'I' trading license and has over 11 years of experience in power trading, serving more than 2100 clients across India. Their objective is to meet both short-term and long-term energy needs while facilitating power transmission from surplus entities.

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17 views

IEX Details

Manikaran Power Limited offers a range of services including real-time energy monitoring, power trading on Indian exchanges, and consultancy for renewable energy compliance. The company holds a Category 'I' trading license and has over 11 years of experience in power trading, serving more than 2100 clients across India. Their objective is to meet both short-term and long-term energy needs while facilitating power transmission from surplus entities.

Uploaded by

jjaganowduri
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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©

MANIKARAN
POWER LIMITED

bd.d13 MPL
www.manikaranpowerltd.in

Services we offer with our strategic partners and group


companies
e- monitoring of Providing
Real time Energy electronic Platform
consumption/ for trading of
Generation and
Power trading Power on the IEX
optimization tools. through Power and PXIL
Exchange
Providing Trading of
Wind/Solar Bilateral Trading Conventional
Power
Consultancy & without /Renewable
forecasting for Liaison Services Exchange Power between
Day ahead, Intra- MPPs, CPPs,
Day, Medium IPPs and State
term with real Utilities/ Discom
time monitoring and consumers
portal. Renewable Group Captive
Purchase Structuring &
Obligation (RPO) Support Providing
Support in documentation and
assistance for the
accreditation, Renewable formation of SPV
Registration, Energy Certificate
Compliance, Company for
Issuance and
(REC) Trading Group Captive
trading of Power Wheeling
REC's/RPO's. Agreement
(GCPWA)
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About Manikaran Power Limited


 Category ‘I’ trading licensee.
 Trading member of Indian Energy exchange (IEX) & Power Exchange of India Ltd. (PXIL).
 Largest Client-base in Short term Power Trading.
Clients Trading Power -- 2100+
 Highest number of clients trading on Power exchange pan-India. Clients Trading REC ----- 2100+
 (ISO 9001:2008) & (ISO 27001:2005) Certified Company.
 11 + years of Experience in Pan-India Power Trading.
 Backed by Team of Professionals.

Our OBJECTIVE is to fulfill the Short Term as well as Long Term energy
requirements of our customers and facilitate transmission of power from
surplus Entities
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With Power Exchange


Through Manikaran Power Ltd

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Power Exchanges in India


Market Share
IEX PXIL 3.00%
IEX
Nation wide e-Platforms for buying and selling electricity. PXIL
97.0%

Access a diversified Minimal transaction


Transparency Payment security
portfolio overheads/charges

No Counterparty Market
Hedging UI Risks
Risk development
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Market Place Functionality(DAM)

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DAM TRADING PROCESS SNAPSHOT

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Day Ahead Market (DAM)


• IEX to calculate ACP based on transmission
• Initial Margin Check
0930 hrs
network available and send scheduling
By 1500 hrs request to NLDC

1000-1200
• Bid Call Session (Anonymous)
hrs
• NLDC confirms acceptance and sends
By 1730 hrs detailed scheduling to SLDCs
• Exchange to calculate MCP & provisional obligations
1200-1300 of the member, communication to NLDC and bank
hrs • RLDCs/ SLDCs incorporate Collective
By 1800 hrs Transactions in the Daily Schedule
• NLDC to check for congestion, in case of congestion
NLDC intimates the period for congestion and
1300-1400
hrs available margins
• IEX makes payments to successful sellers (Pay-
Outs) as per daily obligation report generated by
D+1 by
• Successful Buyers pay to IEX (Pay-In) as per daily Power Exchange
1400 hrs
By 1430 hrs
obligation report generated by Power Exchange

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Treatment of Losses… for buyers….


• POC Loss: 3.74 %.
• S1 (State) loss: 3.17 %.
• DISCOM Loss: 3.05%
• Buyer X bids for 100 MW at its respective regional periphery.

Scheduled Drawal
Bid Volume <= SLDC Clearance

100 MW
POC 96.2 MW
98.5 State 93.2
93.72MWMWatat Wheeling X
At regional at State Distribution
Distribution Loss
periphery
Loss periphery Loss Periphery
Periphery (Buyer)
3.05%
3.74% 3.17%

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Determination of Prices
 Prices will be governed by
the principal of Demand Vs Supply.

 The Price band as allowed by


IEX/PXIL is Rs. 0/KWH to Rs.
20/KWh.

 The Minimum Volume Step allowed


is 0.1 MW

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Calculation Of Market Clearing Price (MCP)


& Market Clearing Volume (MCV)
All Purchase & Sale bids are aggregated by tracing a demand supply
curve.
All purchase bids can have only non-increasing quantities for every
increase in bid price
Every sell bid will have only non-decreasing quantities for every
increase in bid price.
MCP and MCV are established after considering all valid bids on
unconstrained transmission network.

96 MCPs will be derived for 24hrs

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Determination of MCP & MCV for the 15


minute time block
Buyer 0/MWh 4000/MWh 6000/MWh 12000/MWh 20000/MWh

Portfolio A 30 25 20 15 5

B 25 20 15 10 2

C 20 15 10 5 1

Total 75MW 60MW 45MW 30MW 8MW

Seller 0/MWh 4000/MWh 6000/MWh 12000/MWh 20000/MWh

Portfolio A 5 25 30 35 38

B 10 25 28 30 32

C 0 10 25 30 34

Total 15MW 60MW 83MW 95MW 104MW

MCP=Rs4000/MWh MCV=60MW 12
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Delivery of Power
 Based on MCP and MCV the Exchange prepares a schedule.
 Schedule sent to NLDC to respective RLDCs to concerned
SLDCs.
 RLDC checks congestion in all bid areas where there is
congestion and IEX then adopts certain measure to eliminate
congestion i.e. Market Splitting
 Once the schedule is delivered by RLDC it is deemed that
power has been delivered.
 Actual injection and/or drawl are recorded by the Special
Energy Meters installed at the point of interface of the Buyer/
Seller.

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Trading Hour & Timeline

 Trading session is between 10:00 hrs to 12:00 hrs.


 Clients are requested to place their final bid with us latest by

11:30 hrs through our Online Bid Management System (OBMS)


 Buyers and Sellers will be intimated about the final/daily

obligation report
 Schedule for the delivery of power sent by 18:00hrs to SLDC

and client

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Preliminary Requirements for Trade at


the IEX
 Minimum Grid Connectivity of 11KV
 Minimum CD of 1 MW

 Installation of Special Energy Meters


(ABT Meter)other auxiliary equipment as
directed by SLDC like CT , PT
 NOC from the respective SLDC in the
prescribed format i.e. PX 1
 Infrastructural Change required 1month
time, followed by Open Access
permission.
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