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

Overview

What is Green Term Ahead Market?

The Green Term Ahead Market (G-TAM) is market segment for trading in renewable energy under bilateral transactions through Exchange. This market segment features contracts such as Green Intraday, Green Day Ahead Contingency (DAC), Green Term Ahead. The matching mechanism is continuous/spot trading for Green Intraday, Green-DAC and double-sided open auction process for Green Term Ahead.

Product Segments

Green : Intraday Contracts

These are 15-min block wise 96 contracts of DAC. These contracts to be available in Solar, Non-Solar and Hydro attribute. These contracts will be standardized and nationalized 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

Green: Day Ahead Contingency Contracts

There are 15-min block wise 80 contracts of Intraday. These contracts are available in Solar, Non-Solar and Hydro attribute. These contracts are standardized and nationalized 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.

Green : 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 double side open auction.

Green : 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.

Green : Monthly Contracts

There will be separate contracts for Solar, Non-Solar and Hydro attribute. Nationalised contracts are available for trading in Monthly contracts for next 3 months. The monthly contracts are available for trading every day from 12:00 to 17:00 hrs for delivery period starting from next month.

Green : Any Day Single Side Contracts

Buyers can initiate an auction for Solar, Non-Solar and Hydro in Any-day(s) single sided reverse auction-based contracts for delivery up to 90 days. Sellers can start participating in auction by submitting their bids in Interest, IPO and Reverse Auction stages. In final stage of Allocation, buyer will be provided with L1, L2, L3… sellers till the buyer requisition are fulfilled (bucket filling) and buyers will have ‘right to accept’/’right to reject’ during allocation stage.