Charging Up: Impressive beginning for real-time power market
Electricity trading through the newly launched real-time market (RTM) has gained instant traction, with nearly 140 million units (MUs) having been transacted in the first twelve days since its launch. The new platform is seen to help the growth of power transactions via exchanges, widening the scope for consumers to buy power at market-determined rates, sans long-term contracts
The RTM system provides more operational flexibility to thermal power producers, who can sell additional power in the spot market when power distribution companies (discoms) procure lower volumes of electricity than what was scheduled by them.
