In a move to utilise surplus capacity in the power sector, the government today launched a pan-India real-time market of electricity. With the newly launched market, India has joined the league of a handful of nations to have such a market, said R K Singh, MoS (IC), Power and New & Renewable Energy. The proposed real-time electricity market will provide an alternate mechanism for the distribution companies to access a larger market than what they have at present, that too at a competitive price, R K Singh added. The government also expects that the new market at a national level will help manage diversity in the demand pattern in the country.
Benefits of real-time electricity market
