Indian Energy Exchange launches “real-time electricity market”
“Real-time Electricity Market (RTM)” has been launched by the Indian Energy Exchange on its platform, which will be effective from 01 June 2020. The Central Electricity Regulatory Commission (CERC) envisages creating a dynamic with the recently launched market — the market strength over time. RTM will make the electricity market dynamic by enabling trade through a half-hour auction, with 48 auction sessions held per day.
Key Highlights –
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This deviation will facilitate power utilities to reduce dependency on structures and avoid heavy fines.
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This will help grid operators to improve the overall safety and security of the grid.
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This will help utilities and system operators to forecast and schedule green energy in an effective way.
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This will enable the power generator to sell its undisputed capacity, which will ensure efficient use of generation capacity.