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.