CERC notifies framework for real-time electricity market

The Central Electricity Regulatory Commission (CERC) has notified a framework for a real-time market (RTM) for electricity. It has notified amendments to the enabling provisions of the CERC (Indian Electricity Grid Code), 2010; CERC (Power Market Regulation), 2010; and CERC (Open Access in Inter-State Transmission) Regulations, 2008. The RTM would not only provide discoms an alternative mechanism to access a larger market at competitive prices but it would also allow generators to sell their unrequisitioned capacity. However, bidding for a particular block cannot be simultaneously done as part of intra-day contracts and in the RTM.