PXIL launches Green Term Ahead Market

27 Mar 2021 CW Staff

The Green Term Ahead Market contracts to allow the RE generators the flexibility to map their generation profile and at the same time purchasers have an avenue to meet their Renewable Purchase Obligations (RPO) requirements. GTAM platform plans to lead to an increase in the number of participants in the renewable energy sector and benefit buyers of RE through competitive prices and transparent and flexible procurement. It will also benefit RE sellers by providing access to the pan- India market.

PXIL aims to offer trade in two types of green term-ahead contracts, intra-day contracts and any-day contracts in both solar and non-solar segments. Intraday contracts are structured as a static contract (pre-defined delivery slots to place bids) and anyday contracts are structured as dynamic contracts (user selected slots for delivery during the day as well the days of delivery). The combination of the contracts covers the delivery period starting from a few hours upto 11 days from the trade.

To familiarise the market participants about the product and its features, PXIL conducted two virtual mock sessions attended by more than 20 members and clients representing utilities, OA Consumers, RE generators and traders. Vedanta SEZ and Himachal Pradesh SEB were amongst the first set of participants in this segment. Currently, PXIL holds above 60% market share on an average in the Term Ahead Market segment which is expected to increase with the launch of GTAM.

electronic transaction platform facilitates the trading of electricity at a national level.

Written from a news release.

Power Exchange India Ltd (PXIL) has launched the Green-Term Ahead Market (GTAM) on its transaction platform. The development took place after receiving approval from the Central Electricity Regulatory Commission (CERC). The Green Term Ahead Market contracts to allow the RE generators the flexibility to map their generation profile and at the same time purchasers have an avenue to meet their Renewable Purchase Obligations (RPO) requirements. GTAM platform plans to lead to an increase in the number of participants in the renewable energy sector and benefit buyers of RE through competitive prices and transparent and flexible procurement. It will also benefit RE sellers by providing access to the pan- India market. PXIL aims to offer trade in two types of green term-ahead contracts, intra-day contracts and any-day contracts in both solar and non-solar segments. Intraday contracts are structured as a static contract (pre-defined delivery slots to place bids) and anyday contracts are structured as dynamic contracts (user selected slots for delivery during the day as well the days of delivery). The combination of the contracts covers the delivery period starting from a few hours upto 11 days from the trade. To familiarise the market participants about the product and its features, PXIL conducted two virtual mock sessions attended by more than 20 members and clients representing utilities, OA Consumers, RE generators and traders. Vedanta SEZ and Himachal Pradesh SEB were amongst the first set of participants in this segment. Currently, PXIL holds above 60% market share on an average in the Term Ahead Market segment which is expected to increase with the launch of GTAM. 笔齿滨尝鈥檚 electronic transaction platform facilitates the trading of electricity at a national level. Written from a news release. Image source

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..