In the matter of Inter-State trading licence in electricity from Category ‘III’ to Category ‘II’ of the CERC (Procedure, Terms and Conditions for grant of Trading license and other related matters) Regulations – EQ
Summary:
—
## 📌 Case Overview
* **Petitioner:** JSW Power Trading Company Limited (JSWPTCL)
* **Subject:** Application for **upgradation of inter-State electricity trading licence** from **Category III → Category II** under CERC Trading Licence Regulations, 2020.
* **Order Date:** 31st August 2025
* **Coram:** Chairperson Jishnu Barua & Members Ramesh Babu V., Harish Dudani, Ravinder Singh Dhillon.
—
## 📜 Licence History
* **2006:** Granted Category ‘F’ trading licence (Petition 161/2005).
* **2009:** Reclassified as **Category I** under revised regulations.
* **2017–2019:** Transfer and name change to *JSW Green Energy Ltd.*, later back to *JSW Power Trading Ltd.*
* **2020:** Licence downgraded to **Category IV** (Petition 20/TD/2020).
* **2024:** Upgraded to **Category III** (Petition 371/TD/2023).
—
## ⚡ Current Petition (2025)
* JSWPTCL sought **Category II** upgradation citing:
* Rising electricity demand & growing power exchange activity.
* Plans to trade up to **7,000 MUs annually.**
* Trading volume in FY 2024–25 inadvertently **exceeded 110% threshold** under Reg. 9(3).
* Differential licence fee of **₹9 lakh** already paid (Category II vs. III).
—
## 💰 Financials (as per Special Audited Balance Sheet, 31.03.2025)
* **Net Worth:** ₹1,781.3 crore (vs. ₹35 crore required).
* **Current Ratio:** 2.01 (meets norm).
* **Liquidity Ratio:** 2.00 (meets norm).
* CERC confirmed compliance with all **net worth, current ratio, and liquidity** requirements for Category II.
—
## 🏛️ Commission’s Decision
* Application **allowed**.
* **Trading Licence upgraded** from **Category III → Category II** effective from order date.
* Licensee remains bound by earlier terms (Order dated 16.02.2024 in Petition 371/TD/2023).
* Endorsement to be made on licence.
* Copy to be sent to **Ministry of Power** and **Central Electricity Authority (CEA).**
—
## ✅ Outcome
* **Petition No. 668/TD/2025 allowed.**
* JSWPTCL now authorised to operate as a **Category II inter-State electricity trader**, enabling larger trade volumes and greater participation in India’s growing power market.
—
For more information please see below link:
