Active players from the physical market belonging to different segments in the value
chain are chosen as polling participants to ensure that the Exchange gets non-biased
Prices will be polled twice a day from various physical market participants as mentioned
Minimum 15 participants each time.
Participants will be selected on a random basis out of the pool of identified polling
list collated by the exchange for this purpose. Effort will also be made to ensure
that prices are not polled from same participants every time.
The above polled prices will be subjected to the statistical process of bootstrapping
to arrive at the final benchmark price.
The final spot price as arrived in step 4 above is disseminated on TWS for all market