REAL-TIME ELECTRICITY MARKET (RTM)

About:

• The RTM enables consumers, including distribution companies (discoms) and captive users, to buy power on exchanges just an hour before delivery.RTM will help consumers purchase electricity just an hour in advance.
  
  
• With RTM, both sellers and buyers now get an opportunity to continuously manage their portfolio optimally through a transparent and efficient marketplace.
  
  
• In December 2019, the Central Electricity Regulatory Commission (CERC) approved the framework for RTM trading by power exchanges. Till now, the exchanges had day-ahead, week-ahead, and season-ahead markets, as well as renewable energy certificates trading.
  
  
• There are two energy exchanges in India -- IEX and PXIL -- where electricity is traded.