The real-time market (RTM) for power trading from June 1 is providing an efficient price discovery in the power trading market.
The RTM power trading enables the distribution utilities and the open access consumers to bid for electricity within one hour of the requirement, against the prevailing day-ahead market.
According to ICRA, this would enable discoms and system operators to lower the cost of grid balancing by reducing dependence on deviation settlement mechanism (DSM) and ancillary services.
Sabyasachi Majumdar, Group Head & Senior Vice-President – Corporate ratings, ICRA Ltd, says, “The introduction of RTM trading would enable efficient price discovery for electricity and support grid balancing activities.
