Coexistence of Day Ahead Market and Real Time Market in Indian power sector
Coexistence of Day Ahead Market and Real Time Market in Indian power sector
复制标题
印度电力行业日前市场与实时市场并存
DOI:
10.1109/icps52420.2021.9670209
复制
发表时间:
2021
期刊:
影响因子:
--
通讯作者:
S. Usha
中科院分区:
文献类型:
--
作者:
Naresh Kumar Mhalas;A. Das;S. Usha
In India, Short term open access (STOA) in transmission and distribution provides a range of opportunities to the market players. Sellers and buyers can transact power bilaterally through over the counter contracts or bid collectively through the power exchanges in Day Ahead Market (DAM). Real Time Market (RTM) was introduced in India from 01.06.2020. This has created a new opportunity for the electricity market players for trading in real time with a lead-time of 1.5 hours. RTM provides 48 bidding windows over a day. This provides additional flexibility for last mile portfolio optimization. This paper attempts to analyze the impact of coexistence of DAM and RTM to derive further inferences. It provides an insight to the relationship of the Market Clearing Price (MCP) of DAM and RTM. Trend of MCP of DAM and RTM is analyzed with respect to variation in demand.