The Central Electricity Regulatory Commission, or CERC, has invited comments on the Indian Energy Exchange Ltd., or IEX’s, petition for approval to introduce a Green Real-Time Market, or G-RTM, on its platform.
When approved, the IEX will offer exclusive trading in renewable energy on its platform. The proposal could promote compliance with renewable purchase requirements and facilitate the trade in green power without depending entirely on certificates.
In contrast to traditional sources, the proposed market would enable developers of renewable energy to exchange excess electricity on an hourly basis. There are currently no special advantages for green energy buyers or sellers in the current RTM, which does not distinguish between conventional and renewable power. According to IEX, many stakeholders have expressed interest in G-RTM’s launch.
