Discoms, open access consumers can save Rs 550 cr due to RTM trading: Icra

Mumbai: Discoms and open access consumers are likely to save around Rs 550 crore even if there is a 50 per cent transition in procurement of power to the new real time market (RTM) trading from deviation settlement mechanism in the near to medium term, IcraNSE -1.49 % said. According to the ratings agency, the real time market for trading power, which was launched on June 1, is expected to lead to an efficient price discovery in the power trading market.

“The introduction of RTM trading would enable efficient price discovery for electricity and support grid balancing activities. This is especially significant in the context of rising share of renewable energy in electricity generation in India,” Icra Group Head & Senior Vice President – Corporate ratings,Sabyasachi Majumdar said.