Petition of the CERC (Procedure, Terms and Conditions for Grant of trading license and other related matters), Regulations for grant of an inter-state trading license – EQ
Summary:
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### 1. Case Overview
– **Petition Number:** 32/TD/2026
– **Date of Hearing:** February 26, 2026
– **Subject:** Application for the grant of a new inter-state trading licence in electricity.
– **Petitioner:** Energy Advisory Services Private Limited (EASPL).
– **Purpose of Petition:** The company is seeking a **Category-V inter-State trading licence**, which would permit it to engage in the buying and selling of electricity across state boundaries.
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### 2. The CERC Bench
The hearing was conducted by the following Members of the Commission:
– **Shri Ramesh Babu V.** , Member
– **Shri Harish Dudani**, Member
– **Shri Ravinder Singh Dhillon**, Member
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### 3. Petitioner’s Submission
The counsel for EASPL made the following submissions to the Commission:
1. The petition was filed under the relevant sections of the Electricity Act, 2003, and the CERC Trading Licence Regulations, 2020.
2. The company has fulfilled all the requirements stipulated in the Trading Licence Regulations, 2020.
3. This includes the mandatory step of publishing a notice in newspapers to invite any suggestions or objections from the public regarding their licence application.
4. The counsel confirmed that **no suggestions or objections were received** in response to the public notice.
5. Based on the completion of these requirements, the counsel requested the Commission to reserve the matter for its final order.
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### 4. Commission’s Directives & Queries
After considering the submissions, the CERC bench was not fully satisfied and directed the petitioner to provide further clarifications on an affidavit within one week. The specific information requested includes:
**a) Professional Qualification Compliance:**
The Commission asked EASPL to clearly specify the details of its engagement with at least one full-time qualified professional in Finance, Commerce, or Accounts (such as a CA, ICWA, or MBA in Finance with a minimum of five years’ experience). This is a specific requirement under Regulation 3(2) of the Trading Licence Regulations, 2020.
**b) Submission of Latest Annual Report:**
The petitioner must furnish copies of its Annual Report for the financial year ended March 31, 2025. This must include the complete set of audited financial statements, along with the Directors’ Report, Auditors’ Report, Schedules, and Notes to Accounts. This is required under Clause 6(1)(b) of the Trading Regulations, 2020.
**c) Explanation for Delay in Public Notice:**
The Commission noted a delay in the publication of the public notice. The application was registered on **December 31, 2025**, but the newspaper notice was published on **January 15, 2026**. EASPL has been asked to explain the reason for this delay and provide a justification.
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