Green Term Ahead Market

Subject: Schemes

Context:

As a first step towards Greening the Indian short term power Market, Indian government has launched pan-India Green Term Ahead Market (GTAM) in electricity through video conference

Concept:

• The introduction of GTAM platform would lessen the burden on Renewable Energy (RE) -rich States and incentivize them to develop RE capacity beyond their own RPO.
• This would promote RE merchant capacity addition and help in achieving RE capacity addition targets of the country.
• GTAM platform will lead to increase in number of participants in renewable energy sector.
• It will benefit buyers of RE through competitive prices and transparent and flexible procurement. It will also benefit RE sellers by providing access to pan- India market
• The Government of India’s target of 175 GW RE Capacity by 2022 is driving accelerated renewable penetration pan-India.
• Green Term Ahead Market contracts will allow additional avenues to the RE generators for sale of renewable energy; enable Obligated entities to procure renewable power at competitive prices to meet their Renewable Purchase Obligations (RPO); and provide a platform to environmentally conscious open access consumers and utilities to buy green power.