Term-Ahead-Market (TAM) provides a range of products allowing participants to buy/sell electricity on a term basis for a duration of up to 90 days.

The operations are carried out in accordance with below notification issue by Hon’ble CERC

  • Scheduling and Dispatch of electricity with effect from 01.10.2023 based on quantum of GNA, GNARE, T-GNA and T-GNARE of each of the Designated ISTS Customers (DICs) and other users of the grid in accordance with the provisions of the Central Electricity Regulatory Commission (Indian Electricity Grid Code) Regulations, 2023. 
  • Central Electricity Regulatory Commission (Indian Electricity Grid Code) Regulations, 2023
  • Central Electricity Regulatory Commission (Sharing of Inter-State Transmission Charges and Losses) ( First Amendment) Regulations,2023 with effect from 01.10.2023.

Currently, products in the include Intra-day, Day-ahead Contingency (DAC), and the Term Ahead contracts to help participants manage their electricity portfolio for different durations

Some common features

1.     Trading of Region specific contracts

2.     Firm Delivery
The contracts under Term Ahead Market can be used to ensure delivery of electricity for a few days in advance.

3.     Delivery Blocks: | RTC | Day | Night | Peak | Hourly |
FBA -- Firm Base – 24 Hrs.
FNT -- Firm Night – 8 Hrs. (0-7 & 23-24)
FDY -- Firm Day – 11Hrs. (7-18)
FPK -- Firm Peak – 5 Hrs. (18-23)

4.     Risk Management by collection of margins as specified in the Bye-Laws, Rules and Business Rules of the Exchange.