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Green Term Ahead Market (GTAM)

  • Posted By
    10Pointer
  • Categories
    Economy
  • Published
    3rd Sep, 2020
  • 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.

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