• About Us
  • Contact us
  • Privacy Policy
Advertisement
  • Home
  • Governance
  • Digital
  • Industry
  • Infrastructure
  • Economy
  • PSE
  • Health
  • Interviews
  • E Magazine
No Result
View All Result
  • Home
  • Governance
  • Digital
  • Industry
  • Infrastructure
  • Economy
  • PSE
  • Health
  • Interviews
  • E Magazine
No Result
View All Result
No Result
View All Result
Home India

Indian Power market goes Green

Nivedita by Nivedita
September 1, 2020
in India, Infrastructure, News
Indian Power market goes Green
0
SHARES
13
VIEWS
Share on FacebookShare on Twitter

Union Power Minister launches Green Term Ahead Market (GTAM) in electricity . The market is first exclusive product for renewable energy sector in the world.

New Delhi:  Union Power Minister RK Singh on Monday launched pan-India Green Term Ahead Market (GTAM) in electricity.

Speaking on the occasion, Mr Singh said, the introduction of GTAM platform would lessen the burden on RE-rich States and incentivize them to develop RE capacity beyond their own Renewable Purchase Obligations (RPO).

This would promote RE (Renewable Energy) merchant capacity addition and help in achieving RE capacity addition targets of the country.

He further added that GTAM platform will lead to increase in number of participants in renewable energy sector. It will benefit buyers of RE through competitive prices and transparent and flexible procurement. It will also benefit RE sellers by providing access to pan- India market

The Government of India’s target of 175 GW RE Capacity by 2022 is driving accelerated renewable penetration pan-India. Green Term Ahead Market contracts will allow additional avenues to the RE generators for sale of renewable energy; enable Obligated entities to procure renewable power at competitive prices to meet their (RPO); and provide a platform to environmentally conscious open access consumers and utilities to buy green power.

Key features of GTAM:

1. Transactions through GTAM will be bilateral in nature with clear identification of corresponding buyers and sellers, there will not be any difficulty in accounting for RPO.

2. GTAM contracts will be segregated into Solar RPO & Non-Solar RPO as RPO targets are also segregated.

3. Further, within the two segments GTAM contracts will have Green Intraday, Day Ahead Contingency, Daily and Weekly Contracts

a.  Green Intraday Contract & Day Ahead Contingency Contract – Bidding will take place on a 15-minute time-block wise MW basis.

b. Daily & Weekly Contracts – Bidding will take place on MWh basis. Both buyers and sellers can submit the bid, however the seller will provide profile in terms of 15-minute time block wise quantity (MW) along with the price (Rs/MWh). After the contract gets executed scheduling will take place as per the profile. In case of multiple buyers, the profile will get allocated on a pro-rata basis.

4.  Price discovery will take place on a continuous basis i.e. price time priority basis. Subsequently, looking at the market conditions open auction can be introduced for daily & weekly contracts.

5.  Energy scheduled through GTAM contract shall be considered as deemed RPO compliance of the buyer.

Union Power Minister also mentioned that other products to be introduced in power market for promotion of Renewable Energy are in the pipeline and would be introduced soon.

Previous Post

India conducts more than 4.23 cr COVID-19 tests

Next Post

Aspirational Districts: A new role model of governance

Nivedita

Nivedita

Next Post
Aspirational Districts: A new role model of governance

Aspirational Districts: A new role model of governance

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
MapleCloud charts ₹100 crore growth path at PartnerSphere 2025

MapleCloud charts ₹100 crore growth path at PartnerSphere 2025

July 10, 2025
India’s first AI city in Uttar Pradesh

India’s first AI city in Uttar Pradesh

February 23, 2025
IIS officer Samrat Bandopadhyay sets learning benchmarks, lives the motto ‘Walk the Talk’

IIS officer Samrat Bandopadhyay sets learning benchmarks, lives the motto ‘Walk the Talk’

June 17, 2025
High-level inquiry sought as Rs 2.56 crore corruption scandal rocks NPCC

High-level inquiry sought as Rs 2.56 crore corruption scandal rocks NPCC

April 28, 2025
APSC needs financial autonomy to tone up working

APSC needs financial autonomy to tone up working

0
Corruption down revenue up

Corruption down revenue up

0
ICICI launches ‘Digital Village’ initiative

ICICI launches ‘Digital Village’ initiative

0
Time for a change

Time for a change

0
IndianOil, Maruti Suzuki partner to offer car servicing at fuel stations

IndianOil, Maruti Suzuki partner to offer car servicing at fuel stations

January 12, 2026
RECPDCL hands over two Maharashtra Transmission Project SPVs to Ceigall India, Tata Power

RECPDCL hands over two Maharashtra Transmission Project SPVs to Ceigall India, Tata Power

January 10, 2026
Scindia launches Speed Post 24 and Speed Post 48, promising 24–48 hour delivery across India

Scindia launches Speed Post 24 and Speed Post 48, promising 24–48 hour delivery across India

January 10, 2026
REC Limited earns ‘Excellent’ MoU rating for FY25, ranks among top CPSEs in net profit

REC Limited earns ‘Excellent’ MoU rating for FY25, ranks among top CPSEs in net profit

January 9, 2026

Recent News

IndianOil, Maruti Suzuki partner to offer car servicing at fuel stations

IndianOil, Maruti Suzuki partner to offer car servicing at fuel stations

January 12, 2026
RECPDCL hands over two Maharashtra Transmission Project SPVs to Ceigall India, Tata Power

RECPDCL hands over two Maharashtra Transmission Project SPVs to Ceigall India, Tata Power

January 10, 2026
Scindia launches Speed Post 24 and Speed Post 48, promising 24–48 hour delivery across India

Scindia launches Speed Post 24 and Speed Post 48, promising 24–48 hour delivery across India

January 10, 2026
REC Limited earns ‘Excellent’ MoU rating for FY25, ranks among top CPSEs in net profit

REC Limited earns ‘Excellent’ MoU rating for FY25, ranks among top CPSEs in net profit

January 9, 2026

deneme bonusu veren siteler

Smart Governance

Smart Governance is a community engagement platform bringing together decision-makers and bureaucrats from the Indian Government together through a strategic mix of platforms such as Print, Digital, Live Events, Virtual Events, Research, and Training platforms.

Follow Us

Browse by Category

  • Digital
  • Economy
  • Education
  • Governance
  • Health
  • India
  • Industry
  • Infrastructure
  • Innovation
  • Interviews
  • My View
  • News
  • PSE

Recent News

IndianOil, Maruti Suzuki partner to offer car servicing at fuel stations

IndianOil, Maruti Suzuki partner to offer car servicing at fuel stations

January 12, 2026
RECPDCL hands over two Maharashtra Transmission Project SPVs to Ceigall India, Tata Power

RECPDCL hands over two Maharashtra Transmission Project SPVs to Ceigall India, Tata Power

January 10, 2026
  • About Us
  • Contact us
  • Privacy Policy

© 2025 Smart Governace

No Result
View All Result
  • Home
  • Governance
  • Digital
  • Industry
  • Infrastructure
  • Economy
  • PSE
  • Health
  • Interviews
  • E Magazine

© 2025 Smart Governace