Power exchanges expect push from real-time market mechanism

The ensuing real-time market mechanism, where power can be traded on a real-time basis, is expected to provide a fillip to the electricity exchanges with a likely spurt in trading volume. Currently, the most popular form of spot power transaction is the day-ahead-market (DAM) mechanism where distribution companies (discoms) bid for power supply for the next day.

The real-time mechanism is seen to significantly reduce the time of delivery to just over an hour.