Power Exchange India Limited (PXIL) has launched the green term ahead market (GTAM) on its transaction platform after receiving approval from the Central Electricity Regulatory Commission (CERC).
PXIL holds over 60 per cent market share on an average in the term ahead market (TAM) segment which is expected to increase with the launch of GTAM. It will also offer trade in two types of green term-ahead contracts, intra-day contracts and any-day contracts in both solar and non-solar segments. To familiarize the market participants about the product and its features, PXIL also conducted two virtual mock sessions attended by more than 20 members and clients representing utilities, open access consumers, RE generators and traders. Vedanta SEZ and Himachal Pradesh SEB were amongst the first set of participants.