Real Time Market
What is Real Time Market?
The Real Time Market (RTM) is a market segment with physical delivery of electricity 1 hour after closure of market. The market features a new auction session every half an hour with electricity to be delivered after 4 time-blocks or an hour after gate closure of the auction. There are 48 RTM sessions run by Power exchanges in a day. The price and quantum of electricity trading is determined through a double-sided closed auction bidding process just like I-DAM.
Market Participants
Any Buyers and Sellers who are grid connected entities and have valid standing clearance from respective SLDC/RLDC through NOAR can participate in DAM.
Matching Methodology
Matching methodology is based on double-sided anonymous closed bidding auction powered by MILP engine.
Congestion management
Congestion management through market splitting and determination of ACP. Separate price formation for congested bid area and rest of India
Risk management
Risk management through the requisite margin, including any additional margin as specified for the respective trading segment or the type of contract.
Process Flow and Timeline
CONTACT INFO
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