Green Term Ahead Market (GTAM)

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.