IEX GTAM trades 2,744 MUs in its first year

The Green Term-Ahead Market (GTAM) under Indian Energy Exchange (IEX) has traded 2,744 MUs volume during its first year.

The market discovered Rs 3.75 per unit as the average price. Of the cumulative 2,744 MUs of renewable energy (RE) traded in its first year, 1,267 MUs was traded in the solar segment and 1,477 MUs in the non-solar segment. The average solar price stood at Rs 3.48 per unit and average non-solar price stood at Rs 4.06 per unit. The GTAM has been receiving a great response and its participant base has reached close to 100 in a year’s time. Discoms from the states of Karnataka, Telangana, Tamil Nadu and Himachal Pradesh, including RE generators like Choudhary Power, Bhilangana Hydro Power, Amplus Green, Adani Solar and MRN Cane Power are a few of the key participants on the sell side. Discoms like CESC Limited, DNH Power Distribution Corporation Limited, Tata Power Company Limited and Damodar Valley Corporation and industrial consumers like Vedanta, SAIL, Jindal Steel, and Tata Steel are the key participants on the buy side. In the first year, Power Company Karnataka Limited (PCKL) has emerged as the top seller and Vedanta Limited has emerged as the top buyer in the GTAM.

GET ACCESS TO OUR ARTICLES

Enter your email address

Share your work e-mail and access a free 3 month digital subscription to Power Line Magazine