Green Term Ahead Market (GTAM)
- Posted By
10Pointer
- Categories
Economy
- Published
3rd Sep, 2020
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- Green Term Ahead Market (GTAM) in electricity launched as a first step towards greening the Indian short term power market.
- It is an alternative new model introduced for selling off the power by the renewable developers in the open market without getting into long term PPAs.
- Transactions through GTAM will be bilateral in nature with clear identification of corresponding buyers and sellers; there will not be any difficulty in accounting for Renewable Purchase Obligations (RPO).
- GTAM contracts will be segregated into Solar RPO & Non-Solar RPO as RPO targets are also segregated.
- Daily & Weekly Contracts – Bidding will take place on MWh basis.
- Price discovery will take place on a continuous basis. Price time priority basis. Subsequently, looking at the market conditions open auction can be introduced for daily & weekly contracts.
- Energy scheduled through GTAM contract shall be considered as deemed RPO compliance of the buyer.
- The Government has a target of 175 GW RE Capacity by 2022.
- As a signatory to the Paris Climate Agreement 2016, India has committed to install 40 per cent i.e. 450 GW of renewable capacity by the year 2030.
