Green-Term Ahead Market
What is Green-Term Ahead Market?
The market segment for trading in delivery-based renewable energy. The market commenced on 21 August 2020 following the CERC approval. The market segment features contracts such as Daily and Weekly, Monthly, separate for solar and non-solar segments. The matching mechanism is continuous trading for Intra-day, Day-Ahead Contingency and Daily contracts, whereas a double-sided open auction process implemented for Weekly.
Product Segments
Green Intraday Contracts
- National level 80 block wise (15 minutes) intra-day contracts for both Solar and Non-Solar for delivery on the same day.
- The contracts are available for trading from 00:15 hrs to 19:30 hrs daily through continuous trading process
Green Day Ahead Contingency
- 96 contracts of 15 minutes each for both Solar and Non-Solar for delivery on the next day
- The contracts are available for trading from 15:00 hrs to 23:30 hrs on daily basis through continuous trading process
Auction Bidding
Bidding is an offer to set a price tag by an individual or business for a product or service or a demand that something be done. Bidding is used to determine the cost or value of something.
Trading of 15 Minute Contracts
The name says it clearly: the 15 minute day trading rule is a shorter form of day trading (within 15 minutes). You can contract the time limit even further. The idea is to spot a trend, buy/sell and then sell/buy within 15 minutes.
Risk Management
Risk management is the identification, evaluation, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events.
Congestion Management
Congestion Management through market splitting and determining Area Clearing Price (ACP) specific to an area.
Clearance
Clearance obtained from SLDC by buyers and sellers based on availability of network and ABT meters.
Timeline
G-TAM: Intraday Contracts
- There are 15-min block wise 80 contracts of Intraday
- These contracts are available in both Solar and Non-Solar attribute
- These contracts are standardized and nationalized and a total number of 160 contracts in Intraday for G-TAM
- Matching mechanism is to be continuous/spot based
- Trading and CNS timelines will be the same as in existing TAM market
G-TAM: Daily Contracts
- These contracts to be nationalized
- Trading timelines to be in parallel with existing TAM market
- There are separate contracts for Solar and Non-Solar attribute
- Matching mechanism in Daily of G-TAM to be spot/continuous trading
G-TAM: Weekly Contracts
- These contracts will be nationalized
- Trading timelines will be in parallel with existing TAM market
- There will be separate contracts for Solar and Non-Solar attribute
- Matching mechanism in Weekly of G-TAM will be double side open auction
G-TAM: DAC Contracts
- These are 15-min block wise 96 contracts of DAC
- These contracts to be available in both Solar and Non-Solar attribute
- These contracts will be standardized and nationalized and a total number of 192 contracts in DAC for G-TAM
- Matching mechanism to be continuous/Spot based
- Trading and CNS timelines to be the same as in existing TAM market
Timeline
CONTACT INFO
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