Real-time market volume rises 52% month-on-month in July on Indian Energy Exchange

The real-time market (RTM) on the Indian Energy Exchange has seen a 52% month-on-month (MoM) growth in trading volumes in July at 785 million units (MU), against 515.5 MU in the first month of June. The exchange believes around 50-60% of customers in the intraday market will switch to RTM in the medium term, as it will meet their additional requirements of power during the day at a very competitive market determined price.

Rohit Bajaj, business development head at IEX said, in real-time market, trading can be done one hour in advance, while the intraday market is three hours in advance. “The RTM also gives buyers the advantage to book additional requirement of power during 48 half-hourly sessions in a day. The unrequisitioned surplus power tied under the long-term contract is also available to be sold on the RTM, apart from other surplus power. Each of the 48 sessions determines its own market price on the RTM. We believe due to this reason people will shift to RTM from intraday market,” Bajaj said.