PXIL to launch RTM
Power Exchange India Limited (PXIL), promoted by NSE and NCDEX, would be launching the Real Time Market (RTM) for electricity transactions from 01st June 2020. The Real Time Market (RTM) provided by PXIL would ensure that Buyers and Sellers can purchase or sell electricity from anywhere across the country with just one hour’s prior notice. The entire transaction would be online and accessible from any corner of the country. This would be the first exchange contract that would allow even generators with Long Term PPAs to participate on the exchange where they can sell their unrequisitioned surpluses. This would also allow renewable energy generators, who may have unanticipated surpluses to sell such supply and earn revenues and in turn obtain Renewable Energy Certificates (RECs) as well. This market on PXIL also has the provision for generators who may have faced a forced outage, to purchase power and fulfil their contractual commitments. For the Discoms, this market would provide a golden opportunity to access the market to meet any last minute sudden requirements, either due to unforeseen weather, unplanned events or even to access electricity at competitive rates to manage their overall power purchase portfolio more efficiently. The RTM is designed as a half-hourly market, comprising of 48 auction sessions of 15-minute duration each. The auction sessions would be conducted during even time blocks of the hour with delivery to commence from 1-hour after the closure of trade session. The RTM provides Double Sided Closed Bid Auction with Uniform Market Clearing Price. PXIL’s RTM Trading platform can be accessed through its portal - PRATYAY.
Tags : ALLIED Renewable Energy Power discoms PXIL Real Time Market