Term-Ahead-Market (TAM) is a bilateral transaction that provides different kind of contracts to market participants for buy or sell of electricity on a term ahead basis for a duration of up to 90 days. Currently, four types of products in the Term Ahead Market are available that includes Contingency (Intra-Day & Day-Ahead), Daily, Weekly and Monthly contracts to help participants manage their electricity portfolio for different durations.

The operations are carried out in accordance with the “Procedure for scheduling of Bilateral Transactions” issued by National Load Dispatch Center (NLDC), CERC Power Market Regulations, 2010; CERC Open Access in inter-State Transmission Regulations, 2008; CERC Indian Electricity Grid Code Regulations, 2010 as amended from time to time and the Bye-Laws, Rules and Business Rules of the Exchange.

Common Features

• Trading of Region/Nation specific contracts
• The contracts under Term Ahead Market can be used to ensure delivery of electricity for a few days in advance.
• Exchange to manage risk management by applying initial margin and additional margin as specified in Byelaws, Rules and Business Rules of the Exchange for the respective trading segment or the type of contracts.

Delivery Blocks

DYB – For 24 Hrs. (00:00:00 to 24:00:00)
DYD – For 11 Hrs. (07:00:00 to 18:00:00)
DYP – For 5 Hrs. (18:00:00 to 23:00:00)
DYN – For 8 Hrs. (23:00:00 to 24:00:00 and 00:00:00 to 07:00:00)