Everything you need to know

An Exchange is a platform on which buyers and sellers come together to transact. It is not the market but a host to the market. Its core function is to ensure fair and transparent transactions as well as efficient dissemination of price information to its stakeholders.

A Power Exchange is a platform on which power is transacted i.e bought and sold.

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

  • Electricity traders
  • Inter-State Generating Stations (ISGSs)
  • Distribution Licensees / Deemed Distribution Licensees
  • IPPs, connected on ISTS
  • CPPs & IPPs
  • Open Access Customers *
  • State Generating Stations
  • Eligible and Obligated Entities (Applicable in case of REC)
  • Others **
  • * With a clearance to be obtained from the concerned SLDC.
  • ** Would be admitted only as Advisory Member.
  • Individuals who are Indian Nationals.
  • Sole proprietorship firms.
  • Partnership firms.
  • Companies, institutions or statutory bodies incorporated under the Companies Act, 1956 or under any central or state legislation.
  • Registered Cooperative Societies
  • Central / State electricity utilities (including franchisees thereof) / organizations engaged in various activities of the power sector including power generation, distribution, trading, Open Access Customers etc.
  • Such other persons / entities as may be permitted by the Exchange.

There are three categories of Membership at PXIL:

  • Trading-cum-Clearing Member (TCM): A TCM can trade and clear either for its own account or on behalf of its clients.
  • Trading and Self-Clearing Member (TSCM):  A TSCM can trade and clear its own account as a Clearing Member.
  • Advisory Member (AM): An AM shall not be entitled to trade or clear, but only provide support services to its clients.
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The Details of the fee and deposit structure are available on our website under Platform page on dedicated section named "Membership"

A certain set of documents are to be submitted along with a few membership specific forms, PXIL upon receiving the complete set of forms & successful acceptance of the same shall grant the memberships.

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

The details on net worth requirements for the various categories of Membership at PXIL are available on our website under Membership Page – Fee and Deposit Tab

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

Interest Free Security Deposit (IFSD) has to be given at the time of approval of membership. The Initial Security Deposit (IFSD) is required to be given in 100% cash component.

PXIL offers settlement of funds through 4 clearing banks. Members may open their Settlement accounts with any of the empanelled clearing banks for the purpose of settlement of Exchange transactions.

  • STATE BANK OF INDIA
  • HDFC BANK LTD
  • AXIS BANK LIMITED
  • ICICI BANK LIMITED

All Membership related circulars are available on our website on 2 locations

The list of documents required for registering a new client under a various Membership types is available on "Membership" Page under "Account Opening" tab on our website.

It is possible for a client to register simultaneously through more than one Member(s).

The fees paid at any period of time will be valid for the succeeding twelve months or 365 days.

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

The applicable rates of transaction charges are as follows:

  • 0.2 Paise pertranscation
  • 20 rupees per REC certificate