IEX receives CERC approval to launch the green term-ahead market

The Indian Energy Exchange (IEX) has received approval from the Central Electricity Regulatory Commission (CERC), vide an order dated August 7, 2020, to launch the green term-ahead market (G-TAM) on its platform. The market will offer trade in four types of green term-ahead contracts – green intra-day contracts, day-ahead contingency contracts, daily contracts and weekly contracts. There will be separate contracts for solar and non-solar energy, to facilitate solar and non-solar renewable purchase obligation fulfilment. The G-TAM along with the recently launched real-time trading in electricity will work in tandem to support the seamless integration of renewable energy.