State power distribution authorities and industrial consumers can meet the need for short term power urgency through a real-time market or RTM.
Unlike the general day-ahead market when a trade happens a day in advance, power can be bought just before an hour of its requirement to meet emergency short term power needs in the real-time market.
Alike Industrial consumers, companies generating power with excess power capacity or more than required contracted capacity can also sell at short notice in the real-time market.
Electricity RTM launch will start operation as per the scheduled date on June 01, 2020 and it has been not postponed amid the nationwide lockdown.
Government and Electricity Regulatory Multiple sources said, “The auction in the real-time market will be held every half an hour.”