Real Time Electricity Market (RTM) in India

Present power system and market reforms in India are being driven by large-scale integration of renewable energy into the grid. Indian Power system aims to achieve 175 GW of renewable energy capacity by 2022 and further, it has embarked on an ambitious target of 450 GW of renewable energy by 2030. The real-time availability of renewable energy being weather dependent and intermittent can increase the ramp in net load profile besides causing the significant difference between generation and load. Apart from the uncertainties in the generation side, the demand side is also changing with the growing adoption of distributed energy resources as well as the push to popularize electric vehicles, which is expected to increase demand uncertainty. Hence, to coordinate the demand and supply sides closer to real -time, Central Electricity Regulatory Commission implemented the Real Time Market in India, through the amendment in power market regulation in December 2019. This paper analyses the current market operations, real-time market design for India and the operational experience gained post implementation, and way forward of RTM through the case study.