Petition of the CERC (Power Market) Regulations for approval of introduction of G-RTM at Indian Energy Exchange Ltd – EQ
Summary:
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### **Petition No. 277/MP/2024 (with IA Nos. 25/2025 & 26/2025)**
* **Filed by:** *Indian Energy Exchange Limited (IEX)*
* **Respondent:** *National Load Despatch Centre (NLDC)*
* **Legal Basis:** Section 66 of the *Electricity Act, 2003* read with *Regulation 25 of the CERC (Power Market) Regulations, 2021*
* **Subject:**
Approval sought for **introduction of the Green Real Time Market (G-RTM)** at IEX.
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### **Petition No. 446/MP/2025**
* **Filed by:** *Power Exchange of India Limited (PXIL)*
* **Respondent:** *Grid Controller of India Limited (GCIL)*
* **Legal Basis:** Section 66 of the *Electricity Act, 2003* read with *Regulation 25 of the CERC (Power Market) Regulations, 2021*
* **Subject:**
Approval sought for **introduction of Green RTM and High Price RTM** contracts on PXIL’s **PRATYAY Platform**.
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## 🧾 **Hearing Summary**
* **Counsel Representations:**
* For PXIL: Shri Devank Maheshwari (Advocate), Shri Anil Kale (PXIL).
* For GCIL: Shri Gajendra Sinh, Ms. Himani Dutta, Ms. Manisha.
* **Submissions:**
Both IEX and PXIL informed the Commission that:
* Their petitions seek approval for new **Green Real Time Market (GRTM)** mechanisms.
* All **requisite regulatory and technical compliances** have been duly fulfilled.
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## ⚙️ **CERC Action**
* After hearing the submissions, the **Commission reserved the matters for order**, indicating that final approval or directives will be issued later after due consideration.
* The proceedings were formally recorded and signed by **T.D. Pant, Joint Chief (Law)**.
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## 🌱 **Key Context**
* The **Green Real Time Market (GRTM)** aims to enable **real-time trading of renewable energy**, providing flexibility and transparency in green power transactions.
* The **High Price RTM** proposed by PXIL would introduce a mechanism for market-based price discovery above existing real-time thresholds, expanding market liquidity.
* These reforms align with the government’s push toward **green energy integration** and **dynamic power markets** under CERC’s *Power Market Regulations, 2021*.
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## 📅 **Next Steps**
The Commission will issue a **final order** in due course, likely determining:
* Approval terms for **G-RTM and High Price RTM** mechanisms.
* Any operational or regulatory safeguards for their rollout on **IEX** and **PXIL** platforms.
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