Power Minister RK Singh on 25 October launched the green day-ahead market (GDAM), In a bid to further deepen the electricity trade in India.
Highlights:
The launch will also present 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 big industries can go green, and the Government would make efforts to simplify business, and GDAM is a step in that direction.
The Centre is working to implement the Green Hydrogen Mission.
The market-based competitive prices will provide another option to renewable generators to sell power and accelerate the renewable capacity.
The distribution utilities would also be able to sell surplus renewable power generated in their area.