MOP includes additional Green Day Ahead Market for exclusive trade in RE

The Ministry of Electricity has taken a number of measures to expand the market for green electricity and to send out competitive price signals.
The Electricity (Promoting Renewable Energy through Green Energy Open Access) Regulations, 2022, have been published in the Renewable Energy (RE) Sector to address issues that have long hampered open access expansion and to remove barriers to RE availability and utilisation. The rules lower the open access cap from 1 MW to 100 kW, allowing smaller consumers to buy RE as well. There is no cap on captive consumers.
In the event of a must-run power plant’s supply being curtailed, the RE generator is also permitted to sell power in the power exchange and recoup the cost, according to the electricity rules.
The purchase of electricity produced by renewable energy sources will become more affordable and competitive in 2025 due to a waiver of interstate transmission charges and losses on the transmission of the electricity generated from solar and wind energy sources for projects by June 2025.
Due to the intermittent and variable nature of RE generation, the Real Time Market (RTM), introduced in June 2020, enables DISCOMs and buyers to purchase power with an advance notice of one hour.

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