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Day-Ahead Market (DAM)

Green-Day Ahead Market (G-DAM)

Cross Border Electricity Trade

Intra Day, Day Ahead Contingency (DAC), Term Ahead

Real Time Market

Renewable Energy Certificates

Energy Saving Certificates

Green-Intra Day-DAC- Term Ahead Market

Bid categories for Buyers & Sellers – Solar, Non-Solar and HydroSeparate quantity limit for sellers in each category i.e. Solar, Non-Solar and Hydro.
Participants at either premium or discount price can use ‘Order Carry forward (OCF)’ at the time of placing bid to carry forward uncleared bids to conventional DAM.
Trading of 15- minute contracts Double-sided anonymous closed bidding auction Buyers and sellers submit NOC from respective SLDC based on availability of network Congestion management through market splitting and determination of ACP Separate price formation for green and conventional power.
Risk management through the requisite margin, including any additional margin as specified for the respective trading segment or the type of contract.

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Delivery of Power available for T & T+1 days.
Total of 48 bidding sessions available throughout the day.
Financial settlement to be concluded in T/T+1 date respectively subjected to banking hours and holidays.
Option to revise and cancel the bids, Till the time of gate closure.

IEX Pioneered Cross Border Electricity Trade (CBET) with commencement of trade with Nepal in its Day ahead electricity market on April 17, 2021. The Cross border in electricity is an endeavor to expand the Indian power market towards building an integrated South Asian Power Market. To begin with, the grid connected south Asian countries such as Nepal, Bhutan and Bangladesh will be able to participate in Day ahead Market and Term ahead Market on the Exchange. Subsequently, as the grid connectivity extends to other south countries, the market will expand further.

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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 11 days ahead.

The operations are carried out in accordance with the "Procedures for Scheduling of Bilateral Transactions" issued by the Central Transmission Utility (PGCIL), under "CERC (Open Access in inter-State Transmission) Regulations, 2008", as amended from time to time and the Bye-Laws, Rules and Business Rules of the Exchange.

Option available for Single and Block Bids
Participants can sale / purchase power for delivery (T+1 Day)
Bidding session are active from : 1000 hrs. - 1200 hrs.
By 1400 Hrs, NLDC reverts with actual transmission corridor availability during all 15 minute time blocks across congestion prone bid areas.