Our Products
Day Ahead Market (DAM)
- Part of the Integrated Day Ahead Market (I-DAM).
- Enables buying and selling electricity for next-day delivery.
- Uses a double-sided closed auction for price and volume discovery.
Green Day Ahead Market (GDAM)
- A segment within I-DAM dedicated to renewable power.
- Allows trading of green electricity for next-day delivery.
- Follows the same double-sided closed auction mechanism as DAM.
High Price Day Ahead Market (HP-DAM)
- Another next-day market segment under I-DAM.
- Enables trading in the high-price category of electricity.
- Pricing and volume determined via double-sided closed auction like DAM and GDAM.
Real Time Market (RTM)
- Facilitates physical delivery of power one hour after market closure.
- Auctions run every 30 minutes, resulting in 48 sessions daily.
- Delivery occurs after four time blocks (approximately one hour).
- Price and quantity set through a double-sided closed auction like I-DAM.
Term Ahead Market (TAM)
(Intra-Day, DAC, Term Ahead)
- Provides contracts for up to 90 days of forward electricity trading.
- Includes Intraday, Day-Ahead Contingency (DAC), and Term Ahead products.
- Helps participants manage their electricity portfolio over varying periods.
Green Term Ahead Market (G-TAM)
(Green Intraday, Green DAC, Green Term Ahead)
- Segment for renewable energy trading under bilateral exchange contracts.
- Offers Green Intraday, Green DAC, and Green Term Ahead products.
- Continuous/spot matching used for intraday and DAC.
- Green Term Ahead uses a double-sided open auction.
Renewable Energy Certificates (RECs)
- Created by CERC to simplify renewable energy procurement.
- One REC equals 1 MWh of renewable electricity generated.
- Sold separately from electricity to monetize environmental attributes.
- Used by obligated entities to meet RPO requirements.
- Traded twice monthly (2nd and last Wednesday) between 13:00–15:00 hrs.
Energy Saving Certificates (ESCerts)
- Part of the PAT scheme under the Bureau of Energy Efficiency.
- Designed for energy-intensive Designated Consumers.
- Supports compliance with the Energy Conservation Act, 2001.
- Incentivizes exceeding assigned energy efficiency targets.
- Traded weekly on Tuesdays between 13:00–15:00 hrs.
