2. Power can now be sold on the exchange

  1. Renewable energy companies have long had a grouse — often, the buyer of their power, usually a State government-owned utility, would refuse to buy their electricity, citing grid management issues. In such backdowns, the renewable energy generating company has no option but to suffer the loss of revenue.
  2. But now, with the launch of G-DAM, or the green-day-ahead-market by the Indian Energy Exchange, renewable energy companies have the option of selling their power on the exchange.
  3. G-DAM was formally launched. Sellers and buyers can submit sale or purchase bids during a window each day; the electricity would be delivered the following day.
  4. If an electricity distribution company, Discom, refuses to buy, the energy company now has the option of the market.