Power Exchange India launches real-time market trade

Power Exchange India Limited (PXIL) launched a new real-time market (RTM) trade in India for delivery of electricity on June 1, 2020. The RTM is expected to help discoms and power generators to trade power with more flexibility on power exchanges, only an hour before actual delivery. The entire transaction would be online and accessible from any part of the country. As per a statement by PXIL, this move would allow generators with long-term PPAs to participate in the exchange and sell their unrequisitioned surpluses. Renewable energy generators, who may have unanticipated surpluses, would also be allowed to sell such supply and earn revenue, and, in turn, obtain RECs. The RTM platform being offered by PXIL is called PRATYAY. The first transaction on the platform was conducted by the clients of Kreate Energy and PTC India.

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