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Green Term Ahead Market (GTAM) launched

  • IASbaba
  • September 2, 2020
  • 0
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Green Term Ahead Market (GTAM) launched

Part of: GS-Prelims and GS-III – Infrastructure; Energy Resources

In News:

  • Pan-India Green Term Ahead Market (GTAM) in electricity was recently launched. 
  • Launched by: The Union Minister of State (IC) Power and New & Renewable Energy 
  • Objective: Greening the Indian short term power Market. 

Key takeaways 

  • The market is the first Exclusive product for the renewable energy sector in the world.
  • Transactions through GTAM will be bilateral in nature. 
  • Clear identification of corresponding buyers and sellers shall be available. 
  • There will not be any difficulty in accounting for Renewable Purchase Obligations (RPO).
  • GTAM contracts will be segregated into Solar RPO & Non-Solar RPO. 
  • Further, within the two segments GTAM contracts will have Green Intraday, Day Ahead Contingency, Daily and Weekly Contracts. 
  • Price discovery will take place on a continuous basis. 
  • Looking at the market conditions, open auction can be introduced for daily & weekly contracts.

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