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Union of India - Section

Section 25 in Central Electricity Regulatory Commission (Power Market) Regulations, 2010

25. Management of Power Exchange.

- (i) The senior management of the Power Exchange shall comprise of at least two full-time proficient professionals having, qualifications and experience and expertise in the following areas -
Discipline Qualification and Experience
Power system operations Degree in Engineering with at least 10 yearsexperience in the field
Finance, commerce and accounts CA/ICWA/MBA(in Finance) with at least 10 yearsexperience in the field
(ii)The Power Exchange shall constitute a Risk Management Committee (RMC) headed by an independent director of the board which shall stipulate risk containment measures and monitor adherence of the same.
(iii)The Power Exchange shall constitute a Market Surveillance committee headed by an independent director of the board and having members from the executive team of the Power Exchange. No member of this committee shall be a Member of the Power Exchange.
(iv)The Power Exchange shall constitute a SGF management committee with adequate representation from the Members of the Power Exchange. This committee shall be responsible for overseeing the management of SGF.