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Has Real Time Spot Electricity Market in India Impacted Day-Ahead Spot Electricity Market?

Author

Listed:
  • Rashmita Saran

    (ICFAI Business School, The ICFAI Foundation for Higher Education (A Deemed-to-be-University under Section 3 of UGC Act 1956), Hyderabad, Telangana, India)

  • Bharath Supra

    (School of Business Management, NMIMS University (A Deemed-to-be-University under Section 3 of UGC Act 1956), Mumbai, Maharashtra, India)

  • G. P. Girish

    (ICFAI Business School, The ICFAI Foundation for Higher Education (A Deemed-to-be-University under Section 3 of UGC Act 1956), Hyderabad, Telangana, India)

  • Sweta Singh

    (ICFAI Business School, The ICFAI Foundation for Higher Education (A Deemed-to-be-University under Section 3 of UGC Act 1956), Hyderabad, Telangana, India)

Abstract

Introduction of Real-Time Market (RTM) on June 1st, 2020, marked pivotal advancement in electricity trading in India featuring bi-hourly auctions and power transmission based on temporal blocks. Adherence to operational protocols outlined in Procedure for Scheduling Collective Transactions in RTM along with statutory directives like CERC Power Market Regulations 2010 ensures efficient market operation. Notable features include 15-minute contract trading, clandestine bidding and authorization from SLDC. Day-Ahead Market (DAM) facilitates electricity exchange through double-sided closed auctions ensuring compliance with regulatory protocols. In this study we explore whether Real Time Spot Electricity Market in India has impacted Day-Ahead Spot Electricity Market. Findings of the study provide crucial insights for market participants, stakeholders, open access consumers and electric utilities is India.

Suggested Citation

  • Rashmita Saran & Bharath Supra & G. P. Girish & Sweta Singh, 2024. "Has Real Time Spot Electricity Market in India Impacted Day-Ahead Spot Electricity Market?," International Journal of Energy Economics and Policy, Econjournals, vol. 14(5), pages 347-355, September.
    • Handle: RePEc:eco:journ2:2024-05-35
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    More about this item

    Keywords

    Electricity Market; Spot Electricity; Real Time Market; India; Day Ahead Market;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q49 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Other

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