The Premier Energy Exchange of India, IEX, asked the Central Electricity Regulatory Commission for its permission to introduce a new green time market market (G-RTM). If near Greenlights does, then renewable energy developers can exchange any energy in real -time exchange, which, in effect, means that they can sacrifice to sell green electricity next hour.
“We have received interest from several interested parties suggestion of G-RTM introduction,” says IEX in his request. At present, there is a market in real time, RTM, but does not distinguish between the electricity of conventional and renewable sources.
Therefore, although a wind or solar company can sell any surplus energy in RTM, it will not obtain a premium or the buyer will obtain any benefit or choose the green energy, as negotiable renewable certificates or will comply with the mandatory renewable purchase.
Correct forecast
Re companies have the option of selling in the ‘Green Market of the Days’ (G-DAM), which is basically hiring today to supply tomorrow’, but the forecasts for the next day may not always be precise, which results in surplus energy from time to time. G-RTM will not only give Re developers the option to sell sudden surpluses for a premium, but also flexibility in the forecast. “A rearentary can sell its 50-60 percent capacity in G-DAM or G-Tam (green terms) and retain the 30-40 percent rimonant for G-RTM trade to treat any variation (in generation) in real time,” says IEX in its request. “It will also provide general system stability,” he says.
IEX also suggests a single G-RTM for all types of renewable-solar, wind, biomass and hydroelectric energy. It also suggests that any unselected offer could be optionally transferred to the conventional market in real time.
Near has presented the request for public comments.
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Posted on April 13, 2025
