Union Minister of Power & New and Renewable Energy Shri R K Singh on October 25, 2021 launched the new market segment, Green Day Ahead Market (GDAM).
- Under GDAM, any interested party can setup renewable energy capacity and sell it to Discoms / industries . sell renewable energy.
- The launch of the green day-ahead market will deepen the green market and will provide competitive price signals, besides offering an opportunity to the market participants to trade in green energy, in the most transparent, flexible, competitive, and efficient manner.
- The market-based competitive prices will provide another option to renewable generators to sell power as well as accelerate the renewable capacity addition towards the Government’s vision of building India as a sustainable and efficient energy economy.
- The distribution utilities would also be able to sell surplus renewable power generated in their area. The obligated entities (distribution licensee, open access consumers and captive power consumers) would also be able to meet the RPO target by directly buying green power from the power exchange(s). The non-obligated entities will be able to buy power on voluntary basis and help increasing the share of green power.
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