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

Rashmita Saran, Bharath Supra, G. P. Girish and Sweta Singh
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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

International Journal of Energy Economics and Policy, 2024, vol. 14, issue 5, 347-355

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.

Keywords: Electricity Market; Spot Electricity; Real Time Market; India; Day Ahead Market (search for similar items in EconPapers)
JEL-codes: Q40 Q41 Q48 Q49 (search for similar items in EconPapers)
Date: 2024
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