Green Term Ahead Market (GTAM) launched

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.