The Green-Term Ahead Market (G-TAM) is a new market segment for trading in renewable energy following the CERC approval. The new market segment features contracts such as Green-Intraday, Green-Day-ahead Contingency (DAC), Green-Daily and Green-Weekly. The matching mechanism is continuous/spot trading for Green-Intraday, Green-DAC and Green-Daily contracts whereas double sided open auction process to be implemented for Green-Weekly. The operations to be carried out in accordance with the Procedure for Scheduling Bilateral Transactions through Power Exchange issued by Power System Operation Corporation Ltd; CERC Power Market Regulations, 2010; CERC Open Access in inter-State Transmission Regulations, 2008; CERC Indian Electricity Grid Code Regulations, 2010 as amended from time to time and the Bye-Laws, Rules and Business Rules of the Exchange.
Market Features
- A market mechanism to facilitate accomplishment of national renewable energy capacity addition and effective integration of green energy in the country
- Trading of 15-minute time block in G-Intraday and G-DAC; whereas trading of certain time of blocks in G-Daily and G-Weekly
- All contracts under G-TAM are at national level
- Continuous trading in G-Intraday, G-DAC and G-Daily; whereas double sided open auction bidding process for G-Weekly
- Exchange to manage risk management leveraging bank balance, requisite margin, including any additional margin as specified for the respective trading segment or the type of contracts
There will be several products available for trading under G-TAM segment.
G-TAM: Intraday Contracts
- There are 15-min block wise 80 contracts of Intraday
- These contracts are available in both Solar and Non-Solar attribute
- These contracts are standardized and nationalized and a total number of 160 contracts in Intraday for G-TAM
- Matching mechanism is to be continuous/spot based
- Trading and CNS timelines will be the same as in existing TAM market
G-TAM: DAC Contracts
- These are 15-min block wise 96 contracts of DAC
- These contracts to be available in both Solar and Non-Solar attribute
- These contracts will be standardized and nationalized and a total number of 192 contracts in DAC for G-TAM
- Matching mechanism to be continuous/Spot based
- Trading and CNS timelines to be the same as in existing TAM market
G-TAM: Daily Contracts
- These contracts to be nationalized
- Trading timelines to be in parallel with existing TAM market
- There are separate contracts for Solar and Non-Solar attribute
- Matching mechanism in Daily of G-TAM to be spot/continuous trading
G-TAM: Weekly Contracts
- These contracts will be nationalized
- Trading timelines will be in parallel with existing TAM market
- There will be separate contracts for Solar and Non-Solar attribute
- Matching mechanism in Weekly of G-TAM will be double side open auction