Indian Energy Exchange to allow real-time electricity trading on its platform

The Central Electricity Regulatory Commission (CERC) has allowed power exchanges to introduce the real-time electricity market (RTM) on their trading platforms with effect from 1st June 2020. With respect to this, Rajiv Srivastava, Managing Director and CEO, Indian Energy Exchange Limited, commented, “The Indian Energy Exchange is delighted about the introduction of Real-time Electricity Markets (RTM) to commence trading from Monday, 1st June 2020. The market will feature 48 auction sessions during the day at the exchange platform besides the existing market segments. The new market segment will foster greater flexibility and efficiency in electricity sector.”

RTM will offer the distribution utilities immense flexibility to meet their dynamically varying schedule with delivery of power within an hour of closure of bid session. With better planning, the utilities would be able to save on excess penalties currently paid under deviations framework as well as effectively integrate renewable energy. The market will also enable the system operators to enhance overall grid security and discipline.