Implementation of Real Time Market in India

Real Time Market (RTM) is expected to bring in the vital flexibility to administer real-time balance while ensuring the optimal utilization of the available surplus capacity in the system. With this purpose, the paper focuses on the successful implementation of RTM in India. It also examines the energy traded and prices discovered during the initial few days of RTM operation and reveals key determinants for bringing in liquidity in RTM. This paper highlights the overall software architecture adopted for market clearing process in RTM. The authors have tried to analyze the response of market participants in RTM using the data of initial few days of operation. RTM is currently at a nascent stage and it is expected to attain the maturity over a period of next few years.