CERC releases draft guidelines for registration and filing application for establishing and operating OTC platform

The Central Electricity Regulatory Commission (CERC) has notified the draft guidelines for registration and filing application for establishing and operating over the counter (OTC) platform.

The CERChas notified these guidelines as per the Power Market Regulations 2021 that came into effect from August 15, 2021. The application for grant of registration to establish and operate OTC platform will be filed online on the website of CERC, in accordance with these guidelines. The objectives of the OTC platform are to provide an electronic platform with the information of potential buyer and seller of electricity; maintain a repository of data related to buyers and sellers and provide historical data to market participants; and provide such services as advanced data analysis tools to market participants. The guidelines seek to describe the eligibility criteria, procedure for filing application and grant of registration for establishing and operating OTC platform as well as the operational and risk management framework and submission of information by the OTC platform. The comments, suggestions and objections have been invited from the stakeholders on the draft guidelines by February 18, 2022.

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