Amplus Solar 1st solar power company to sell RE power on IEX GTAM

• The IEX launched the GTAM on its power trading platform after receiving a nod from the CERC on August 17

• With the introduction of this GTAM, such buyers can now fulfil their green energy needs through these open markets, said Amplus Solar

New Delhi: Amplus Solar is the first solar power producer to sell renewable electricity in the green term ahead market (GTAM) on the Indian Electricity Exchange (IEX), the company claimed in an official statement released on Saturday. The GTAM was launched recently at IEX. The GTAM provides avenues to renewable energy (RE) generating companies to sell green energy to buyers and enable them to meet their renewable purchase obligations (RPOs).

"Days after the launch of India's first-ever Green Term-Ahead Market (GTAM) introduced by IEX, Amplus Solar sold solar electricity in the open market on August 20, 2020, becoming the first solar generator to trade on GTAM under the new Central Electricity Regulatory Commission (CERC) norm," a company statement said. The IEX launched the GTAM on its power trading platform after receiving a nod from the CERC on August 17.

GTAM will help discoms falling short of RE purchase targets: Amplus Solar

"This is a great source for entities that have RPOs – such as DISCOMs as well as large electricity customers in the commercial and industrial (C&I) category. It helps consumers who are falling short of their renewable targets," said the statement released by Amplus Solar.

Also read: IEX gets nod from CERC to launch green energy market

Traditionally, there has been no segregation between thermal and renewable power sale in the exchange market, making it difficult for buyers interested only in renewable energy.

With the introduction of this GTAM, such buyers can now fulfil their green energy needs through these open markets. Another upside of allowing this source-based differentiation is that it paves the way for transparent price discovery of electricity based on its source of generation.

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