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| DOI | 10.1016/j.enpol.2022.112810 |
| Real Time Market (RTM) at Indian power exchanges: Need, short term assessment and opportunities | |
| Agrawal A. | |
| 发表日期 | 2022 |
| ISSN | 0301-4215 |
| 卷号 | 162 |
| 英文摘要 | In India, short term electricity market realises on power exchanges to trade standard contracts on intraday and day ahead horizon. In the absence of contracts on real time horizon, market participants often used to exploit frequency based grid balancing mechanisms. This led to the concerns on grid safety and security. Therefore, to address this issue, the policy makers formulated ‘Real Time Market (RTM)’ to offer contracts on real time horizon. RTM was introduced in 2020 and in the short span of time, it has attracted significant liquidity to become second highest avenue in terms of number of transactions taken place. This paper elaborates on these developments and narrows down its scope gradually. First, the paper briefly provides an overview of short term electricity market in India inter alia describing power trading and power exchanges. The paper then elaborates on the erstwhile issues of real time power procurement and misappropriation of deviation settlement mechanism and ancillary services by the market participants. The paper while discussing these, derives the necessity of RTM and opportunities which it offers. In last, paper provides a short term assessment of RTM and concludes it with few policy recommendations. © 2022 Elsevier Ltd |
| 英文关键词 | Ancillary services; Day ahead market (DAM); Deviation settlement mechanism (DSM); Power exchanges; Power trading; Real time market (RTM) |
| 语种 | 英语 |
| scopus关键词 | Electric industry; Ancillary service; Day ahead market; Deviation settlement mechanism; Power exchange; Power trading; Real time market; Real-time market; Settlement mechanism; Short term; Power markets; electricity generation; energy management; energy market; market conditions; power generation |
| 来源期刊 | Energy Policy
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/256337 |
| 作者单位 | Research Officer, Central Electricity Regulatory Commission, India |
| 推荐引用方式 GB/T 7714 | Agrawal A.. Real Time Market (RTM) at Indian power exchanges: Need, short term assessment and opportunities[J],2022,162. |
| APA | Agrawal A..(2022).Real Time Market (RTM) at Indian power exchanges: Need, short term assessment and opportunities.Energy Policy,162. |
| MLA | Agrawal A.."Real Time Market (RTM) at Indian power exchanges: Need, short term assessment and opportunities".Energy Policy 162(2022). |
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