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FAQ's

FAQ

Who can become a Member of IEX?

Following entities are eligible to become a Member of IEX:

Proprietor Firm
Registered Partnership Firm
Private Limited Company
Public Limited Company
Government owned Entity
State Electricity Board

What are the categories of Membership in IEX?

There are three categories of Membership at IEX applicable to both the Power and REC segment:

Proprietary Membership: Any entity who is a proprietor Member can trade for its own account as well as on account of its companies provided the ownership remains the same and clear the same through the Clearing House as a Clearing Member.
Trader Membership: 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.
Facilitator Membership: Any entity who is neither grid connected nor holding a valid and subsisting Interstate Trading License can apply under this category. The Facilitator Member shall not be entitled to trade for himself but shall have the right to act for and on behalf of his clients although he cannot settle and clear contracts on the Exchange for such clients

What is the Fee and Deposit Structure for various categories of Membership at IEX?

The Details of the fee and deposit structure are available at Membership – Fee and Deposit Structure on our website.

What is the process required to be followed for acquiring Membership at IEX.

The details of the process required to be followed for acquiring Membership at IEX is available at Membership – Admission Process on our website.

Can an entity holding Membership of a commodity exchange or stock exchange apply for the Membership in IEX under the same name?

Yes, such entities can apply for Membership at IEX under the same name.

What should be the main object in the clause of Memorandum and Articles of Association of a Member for trading on IEX platform?

The suggested clause “Pursuing business of facilitating sale and purchase of Electricity Contracts and Renewable Energy Certificates Contracts or any other Contracts traded on the platform of Indian Energy Exchange.”

What are the networth requirements for the various categories of Membership at IEX?

The details on networth requirements for the various categories of Membership at IEX are available on our website under Membership – Fee and Deposit Structure

What are the documents required in case of a Corporate, Partnership Firm or a Proprietor Firm applying for Membership.

The list of documents required to be submitted along with the Membership application are available on our website under Membership – Membership Documents

In what form the initial interest free security deposit (SD) will be given to IEX? What will be the lock in period for interest free security deposit?

The initial Security Deposit (SD) is required to be given in 100% cash component. The lock in period for SD is three (3) years.

Where can one have access to Membership related Circulars?

All Membership related circulars are available on our website under – Membership Related Circulars.

What is the required documentation for registering a client under a Member?

The list of documents required for registering a client under a Member is available under Client Registration Documents on our websi

Is it possible for a client to register simultaneously through more than one Member?

It is possible for a client to register simultaneously through more than one Member only under the Power Segment. Refer Circular No 125, dated 1st March 2013.

What is the validity period of the Annual Subscription and Client Subscription fees paid by the Member?

The fees paid at any period of time will be valid for the succeeding twelve months. Refer Circular No. 64 dated Aug 11, 2011.

Who is the regulator of Power Exchanges in India?

IEX is approved and regulated by Central Electricity Regulatory Commission (CERC) which is a statutory authority constituted under the Electricity Act 2003 with quasi judiciary role. The activities of IEX are regulated under the various regulations and procedures notified by CERC including the Power Market Regulations 2010, as amended from time to time.

What are the applicable rates of transaction charges?

The applicable rates of transaction charges are available on our website under Membership – Fee and Deposit Structure.

What is the difference between a Grid Connected and a Trader Client?

Grid Connected Client: A Client who is eligible to buy or sell electricity and is connected to the grid. The entities including but not limited to, Distribution Licensees, Generators and Open Access Users can become Grid-connected Clients. 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 Trader Clients shall have a grid-connected entity for affecting the delivery of the electricity as cleared and settled by the Exchange.

In what all designated banks a Member can open their settlement account?

In the following Banks a Member can open settlement account.