Buy power here, get it in 1 hour: R K Singh launches real-time power market
Power Minister R K Singh on Wednesday formally launched pan-India real-time market in electricity, which allows consumers to buy power just one hour before delivery.
Real-time market (RTM) enables consumers, including distribution companies (discoms) and captive users, to buy power on exchanges just an hour before delivery.
“Minister of State (Independent Charge) Power and New & Renewable Energy R K Singh launched pan-India Real Time Market in electricity through video conference in New Delhi, on June 3, 2020,” a power ministry statement said.
The real-time market went live at Indian Energy Exchange (IEX) and Power Exchange India Limited (PXIL) at 10:45 PM on May 31, 2020 for delivery at 12:00 AM on June 01 (Sunday midnight), 2020.
