Amplus Becomes 1st Solar Generator to Sell Power at IEX’s Latest GTAM

Days after the launch of India’s first ever Green Term-Ahead Market (GTAM) introduced by the Indian Energy Exchange (IEX), Gurugram-headquartered Amplus Solar has sold solar electricity in the open market on August 20, 2020, thus, becoming the first solar generator to trade on GTAM under the new Central Electricity Regulatory Commission (CERC) norm.

August 22, 2020. By Manu Tayal

Days after the launch of India’s first ever Green Term-Ahead Market (GTAM) introduced by the Indian Energy Exchange (IEX), Gurugram-headquartered Amplus Solar has sold solar electricity in the open market on August 20, 2020, thus, becoming the first solar generator to trade on GTAM under the new Central Electricity Regulatory Commission (CERC) norm.

IEX launched GTAM on its power trading platform after receiving approval from the CERC on August 17, 2020.

Furthermore, this IEX platform provides avenues to renewable energy (RE) generators for sale of clean energy through which buyers can meet their Renewable Purchase Obligations (RPOs).

Commenting on the development, Sanjeev Aggarwal, MD & CEO of Amplus Solar, said “Amplus has always been progressive when it comes to market development. We led the Solar-Power-As-A-Service (SPAAS) market over the last few years and today we have 200+ customers. Similarly, we see a great opportunity in the open electricity market for Renewable sources and will continue to adapt to the ever-evolving market.”

Traditionally, there has been no segregation between thermal and renewable power sale in the exchange market, making it difficult for buyers interested only in renewable energy.

With the introduction of this GTAM, such buyers can now fulfil their green energy needs through these open markets.

Another upside of allowing this source-based differentiation is that it paves the way for transparent price discovery of electricity based on its source of generation.

Until now, both renewable energy (solar or wind) and thermal were being sold at the same price in the open market, when in fact they are produced at different costs. 

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