Aparna Lucknow, India 601 Questions 0 Answers 0 Best Answers 678 Points View Profile Aparna Asked: October 18, 20212021-10-18T02:04:57+05:30 2021-10-18T02:04:57+05:30In: Economics What is Pan-India GTAM in electricity launched? What is Pan-India GTAM in electricity launched? current affairsinfrastructure Share Facebook 1 Answer Recent 0 Questions 518 Answers 176 Best Answers 0 Points View Profile [Deleted User] 2021-10-18T02:11:37+05:30Added an answer on October 18, 2021 at 2:11 am Context: As a first step towards the ‘greening’ of the Indian short-term power market, the Government launched the pan-India Green Term Ahead Market (GTAM) in electricity. About: Transactions through GTAM will be bilateral in nature with clear identification of corresponding buyers and sellers, there will not be any difficulty in accounting for RPO. GTAM contracts will be segregated into Solar RPO & Non-Solar RPO as RPO targets are also segregated. Further, within the two segments, GTAM contracts will have Green Intraday, Day Ahead Contingency, Daily and Weekly Contracts Green Intraday Contract & Day Ahead Contingency Contract – Bidding will take place on a 15- minute time-block wise MW basis. Daily & Weekly Contracts – Bidding will take place on an MWh basis. Both buyers and sellers can submit the bid, however, the seller will provide a profile in terms of 15-minute time block-wise quantity (MW) along with the price (Rs/MWh). After the contract gets executed scheduling will take place as per the profile. In the case of multiple buyers, the profile will get allocated on a pro rata basis. Price discovery will take place on a continuous basis i.e. price-time priority basis. Subsequently, looking at the market conditions open auctions can be introduced for daily & weekly contracts. Energy scheduled through the GTAM contract shall be considered as deemed RPO compliance of the buyer. 0 Reply Share Share Share on Facebook Share on Twitter Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer. Related Questions What is Pathalgadi? What is Bodo Accord?
As a first step towards the ‘greening’ of the Indian short-term power market, the Government launched the pan-India Green Term Ahead Market (GTAM) in electricity.