It will be an integrated market for Green Day Ahead Market (GDAM), Day Ahead Market (DAM) and High Price Day Ahead Market( HPDAM) where price discovery and bids matching will be done through closed double-sided auction with two separate matching process. Congestion on transmission network will be managed through market splitting separately for both.
The operations of this market are carried out in accordance with the procedures issued by NLDC for ‘Scheduling of Collective Transactions’ including any amendments or replacements thereof, ‘CERC (Open Access in Inter-State Transmission) Regulations, 2008, as amended from time to time, CERC Indian Electricity Grid Code Regulations, 2010 as amended from time to time and the Bye-Laws, Rules and Business Rules of the Exchange.
Market Features
- Trading of 15-minute contracts for 96-time blocks for next day.
- “Double-Sided Closed Auction” matching process.
- Congestion Management through market splitting and determining Area Clearing Price (ACP) & Area Clearing Volume (ACV) specific to an area.
- Single application to NLDC for scheduling RE and Conventional power.
- Risk management through the requisite Margin, including any additional Margin as specified for the respective trading segment or the type of contracts.
- Standing Clearance to be obtained from SLDC/RLDC by buyers and sellers.
- Buyer to receive RPO credit for RE energy procured in the GDAM session.
- RE Sellers cleared in DAM matching eligible to receive REC.