industry

Real-time trading on power bourses likely soon


New Delhi: India is set to start real time trading on power exchanges, enabling electricity purchase to be as quick as placing an online meal.

State power distribution companies and industrial consumers will be able to meet emergency short-term power needs through the new real time market or RTM.

Power can now be bought an hour before its requirement in real time market, unlike the popular day-ahead market by discoms on spot exchanges where trade happens a day in advance.

real-time

In the same manner, power generating stations with excess power capacity or distribution companies with more than required contracted capacities can sell at a short notice in the real time market.

Electricity RTM launch has not been deferred amid the nationwide lockdown and will start operations as per the schedule on June 1, multiple sources in the government and Central Electricity Regulatory Commission said. The auctions in RTM will be held every half-hour.





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