The real time market (RTM) segment has emerged as one of the fastest growing markets on the Indian Energy Exchange (IEX), a release by IEX said.
The RTM platform completed its first year of existence on June 1, 2021, and has posted solid performance in the first quarter (April to June) of the current fiscal year, FY22.
During the said quarter, RTM traded 4,635 MU (million units or million kwh) at an average price of Rs.3.01 per kwh. There were 5,947 buy bids and 10015 sells bids; 4635 bids were cleared.
The daily average buy bids stood at 65.35 and the average sell bids, at 110.05. On average, 50.93 bids were cleared during Q1 of FY22.
RTM cleared its highest-ever monthly trading volume, at 1726 MU, in June 2021. The highest-ever daily cleared volume, at 80 MU, also took place in the same month.
The top five buyers on RTM during Q1 of FY22 were Andhra Pradesh, Telangana, Rajasthan, Jammu & Kashmir and Maharashtra.
Green TAM
The first quarter of FY22 also saw the Green Term Ahead Market (G-TAM) recording its highest-ever monthly volume of 414 MU, in June 2021. The market cumulatively traded 937 MU, already surpassing the total green volumes achieved in FY’21 which stood at 785 MU. Furthermore, the market recorded the highest ever single day trade volume of 30 MU on July 13, 2021, surpassing the Q1FY22 record of 27.34 MU seen on June 12, 2021.
Favourable policies
The Ministry of Power has issued waiver of ISTS Charges for Green Market for trading through the Exchange in GTAM/GDAM till 30th June 2023. This will make trading of Green Power more competitive and further deepen Green Markets, the IEX release noted.
Besides, the power ministry has also issued an order on PPA Relinquishment allowing discoms to relinquish their PPAs on completion of 25 years or the period specified in the PPA. This will lead to the demand which was served by PPA to be met at power exchanges. Even generation companies will sell their power post PPA at the market and further deepen the markets, the release noted.
