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 order dated August 17, 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 namely, 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 obligations fulfillment. The introduction of GTAM along with the recently launched real-time trading in electricity will work in tandem to support seamless integration of RE power.


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