Answer : Open access means the non discriminatory provision for the use of transmission lines or distribution system or associated facilities with such lines or system by any
licensee or consumer or a person engaged in generation in accordance with the regulations specified by the Commission.

Answer : Open access customer means a person who is availing or intends to avail open access for transmission or wheeling of Electricity under the regulations issued by
CERC/SERC’s.

Answer : SEM means such meters , of not less than 0.2 class accuracy & are capable of:
1. Recording active and reactive energy at interval of 15 min.
2. Storing such measurements for 35 days or more .
3. Online communication of such measurements on real time basis.
4. Compatible with metering scheme of STU & capable of merging the data with inter utility metering.

Answer : Bilateral transaction means a transaction for exchange of energy (MWh) between a specified buyer and seller directly or through a trading licensee from a specified point of
injection to a specified point of drawl for a fixed or varying quantum of power (MW) for any time period during the month.

Answer : Collective transaction means a set of transactions discovered in power exchange through anonymous, simultaneous competitive bidding by buyers and sellers.

Answer : Intra state entity means a person whose metering and energy accounting is done by State Load Dispatch Centre or by any other authorised State Utility.

Answer : Power exchange means the power exchange established with the prior approval of the commission. It is a platform for trading of power by buyers and sellers.

Answer : Regional Entity is that where a person whose metering and energy accounting is done at the Regional Level.

Answer : In Open Access power purchage here 24 hours a day is distributed in 96 time slots each slot is of 15 minutes which is called a time block, 15 minute time period
specified in the grid code.

Answer : The nodal agency for intrastate transactions shall be the state load dispatch center & interstate bilateral transaction shall be the Regional Load Despatch Centre of the region where point of drawl of electricity is situated and in case of collective transactions, the nodal agency shall be the National Load Despatch Centre.

Answer : It is the product of RMS voltage, current and sine of the phase angle between voltage and current vectors and is measured in VAR.

Answer : The entity has to submit the application on prescribed format to the concerned state utility along with application processing fee. Before availing open access, special energy meter is required to be installed.

Answer : Who has obtained No Objection Certificate from State SLDC on prescribed Format (PX-1).Has installed Special Energy Meter & other metering equipment as per the
requirement of State Utility.
2) Has obtained Client Membership through a Member of Exchange by depositing annual subscription as specified by the Exchange.

Answer : Market clearing price is determined by plotting a graph between aggregated sell bids & buy bids on 15 minutes time blocks basis. The intersection point of the two
curves represents the clearing price.

Answer : The power will flow through the existing network of CTU/STU/DISCOM.

Answer : The buying entity shall open a settlement account in one of the designated clearing Bank of the Exchange. The amount equivalent to bid quantum on account of energy charges, transmission charges & operating charges etc. shall be made available by the client before bidding. The amount as per obligation report will be deducted from this account on clearance of bid