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Buy power here, get it in 1 hour: R K Singh launches real-time power market

This has placed Indian electricity market amongst a league of few electricity markets in the world, which have real time market, he said

power, electricity, plant, renewables, thermal
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The real time market would help to mitigate challenges to the grid management due to intermittent and variable nature of renewable energy generation

Press Trust of India New Delhi
Power Minister R K Singh on Wednesday formally launched pan-India real-time market in electricity, which allows consumers to buy power just one hour before delivery.

Real-time market (RTM) enables consumers, including distribution companies (discoms) and captive users, to buy power on exchanges just an hour before delivery.

"Minister of State (Independent Charge) Power and New & Renewable Energy R K Singh launched pan-India Real Time Market in electricity through video conference in New Delhi, on June 3, 2020," a power ministry statement said.


The real-time

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