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Membership

Overview

Become a Member at IEX

To apply for membership of the exchange as well as to obtain any related information, please contact

Membership Department 

Plot No. C-001/A/1, 9th Floor, 

Max Towers, Sector 16B, Noida, 

Gautam Buddha Nagar, Uttar Pradesh – 201301

Email -id : membership@iexindia.com

Contact No : 0120 - 4648100

NEW Members

Types of Membership

Proprietary Membership

Electricity

Proprietary Member is a grid connected entity who can trade for its own account, and clear the same Contracts as a Clearing Member.

A Proprietary Member shall also be entitled to undertake transactions on the Renewable Energy Certificates (REC) and Energy Saving Certificates (ESCerts).

Eligibility Criteria Entities that fall within one of the following categories are eligible to apply for proprietary membership

Inter-State Generating Stations (ISGSs)
Distribution Licensees
State Generating Stations
IPPs
CPPs & IPPs with consent from SLDC.
Open Access Consumers with consent from SLDC

Networth The minimum networth requirement for the purpose of membership is 150 Lakhs.

REC

Proprietary Member means an entity who can trade RECs on its own behalf and clear the same Contracts as Clearing Member.

A Proprietary Member shall be entitled to undertake transactions in Renewable Energy Certificates (REC) and Energy Saving Certificates (ESCerts).

Eligibility Criteria Entities that fall within one of the following categories are eligible to apply for membership

Inter-State Generating Stations (ISGSs)
Distribution Licensees
State Generating Stations
IPPs
CPPs & IPPs with consent from SLDC.
Open Access Consumers with consent from SLDC.

Networth There is no minimum networth requirement for such members.

ESCerts

Proprietary Member means an entity who can trade ESCerts on its own behalf and clear the same Contracts as Clearing Member.

A Proprietary member shall be entitled to undertake transactions only in the Energy Saving Certificates (ESCerts).

Eligibility Criteria Entities that fall within one of the following categories are eligible to apply for membership

Designated Consumer
Entity having ownership of one or many Designated Consumers

Networth There is no minimum networth requirement for such members.

Trader Membership

Electricity

An entity who has been granted licence for trading in electricity under Trading Licence Regulations, 2020 and admitted as a member of the Power Exchange shall be called a Trader Member. Trader Member shall trade and clear on its own account or trade and clear on behalf of its client. Provided that a Trader Member or any of its Associates shall not be a Facilitator Member.

A Trader Member shall also be entitled to undertake transactions on the Renewable Energy Certificates (REC) and Energy Saving Certificates (ESCerts).

Networth The minimum networth requirement for the purpose of membership is 150 Lakhs.

REC

A Trader Member shall be entitled to undertake transactions in Renewable Energy Certificates (REC) and Energy Saving Certificates (ESCerts).

Networth The minimum networth required for such members is Rs 50 Lakh.

ESCerts

An entity who has been granted licence for trading in electricity under Trading Licence Regulations, 2020 and admitted as a member of the Power Exchange shall be called a Trader Member. Trader Member shall trade and clear on its own account or trade and clear on behalf of its client.Provided that a Trader Member or any of its Associates shall not be a Facilitator Member.

A Trader Member shall be entitled to undertake transactions only in the Energy Saving Certificates (ESCerts).

Networth The minimum networth required for such members is Rs 50 Lakh.

Facilitator Membership

Electricity

Facilitator Member is an entity who is neither a grid connected entity nor holding a valid and subsisting Interstate Trading License. The Facilitator Member shall not be entitled to trade for itself but shall have the right to act for and/on behalf of its clients and cannot clear contracts on the Exchange for such clients.

Facilitator Member can have clients which can be categorized as:

Grid-connected Client: A Client who is eligible to buy or sell electricity and is connected to the grid. The entities include but are not limited to Distribution Licensees, Generators and Open Access users.
Trader Client: A Client who is eligible to trade in electricity under the Electricity Act, 2003 and has a legally valid power purchase/sale agreement, which gives the Client the right to purchase and sell electricity. The entities such as trading licensees can become Trader Clients. All Clients shall have a grid-connected entity for affecting the delivery of the electricity as cleared and settled by the Exchange.

A Facilitator Member shall also be entitled to undertake transactions on the Renewable Energy Certificates (REC) and Energy Saving Certificates (ESCerts).

Networth The minimum networth requirement for the purpose of membership is 150 Lakhs.

REC

Facilitator Member is an entity who shall not be entitled to trade for itself but shall have the right to act for and/on behalf of its clients and cannot clear contracts on the Exchange for such Clients.

A Facilitator Member shall be entitled to undertake transactions in Renewable Energy Certificates (REC) and Energy Saving Certificates (ESCerts).

Networth The minimum networth required for such members is Rs 50 Lakh.

ESCerts

A Facilitator Member shall be entitled to undertake transactions only in the Energy Saving Certificates (ESCerts).

Networth The minimum networth required for such members is Rs 50 Lakh.

Fee and Deposit Structure

Note:

a) All charges unless specified are in Rs. Lacs.

b) Fees mentioned above are exclusive of applicable taxes.

c) ESCerts subscription fees for exclusive Member Client are valid for the respective PAT Cycle and its associated compliance period.

Terms and Conditions

In Proprietary Membership category(Electricity/REC), Member can trade for its own account only and annual client subscription fee will not be charged for first portfolio registered.
Exclusive REC/ESCerts Membership can be upgraded to Electricity/REC Membership by paying the differential amount.
Existing Members and clients active in Electricity or REC segment at the time of registration in ESCerts segment are eligible to trade in ESCert market at no extra cost for complete PAT Cycle.
Admission fees and Annual Subscription fees are non- refundable.
Annual Subscription fees (Member and client) is payable in full amount by the member for twelve months whenever its earlier fees get fully utilized and the fees payable will be valid for succeeding 12 months.
Security Deposit is refundable on surrender of the Membership and only after completion of 3 years as a member.
Membership is transferable only after completion of 3 years.
The main objects of the company, who wish to trade on behalf of clients, should include the business of Power/REC/ESCerts Trading.
Minimum Net Worth criteria is not applicable in case Government Dept or State Electricity Board (SEB’s) apply for IEX membership.
Exchange reserves the right to charge a fee & deposit within the above specified structure.

Registered Office

Indian Energy Exchange Limited : C/o Avanta Business Centre, First Floor, Unit No. 1.14(a), D2, Southern Park, District Centre, Saket, New Delhi–110017, India

Corporate Office

Indian Energy Exchange Limited Plot No. C-001/A/1, 9th Floor, Max Towers, Sector 16B, Noida, Uttar Pradesh-201301

Phone: +91-011-3044 6511 , 91-120-4648 100 |Fax No.: +91-120-4648 115 | www.iexindia.com| CIN: L74999DL2007PLC277039

View Fees and Deposit Structure

Fees and Deposit Structure

Admission Process

All applicants have to undergo the following process before they are activated for trading.

Disclaimer

The above information is a publication of IEX. All rights reserved. Only correct quotation with attribution is permitted. This report provides general information. IEX declines all responsiblity for damages resulting from the use of this report. This report should not be used or taken as legal or financial advice, which depends on the evaluation of precise factual circumstances. For more information on this report, please contact IEX.