Escolar Documentos
Profissional Documentos
Cultura Documentos
Day-Ahead Market
Day-Ahead-Market (DAM) is for trading in physical delivery of electricity from midnight to 24 hours ahead. The price and
quantum of electricity traded is determined through a double sided closed auction bidding process.
FEATURES OF DAY-AHEAD-MARKET
Trading of 15 minute contracts
Double-sided closed anonymous bidding process Market Clearing Price (MCP), common for selected
Clearance obtained from State Load Despatch Centre buyers and sellers is determined as a function of
(SLDC) by buyers and sellers based on availability of demand and supply.
network and ABT meters. Scheduling of the cleared trade as per Procedure for
Bids can be placed at regional periphery through Scheduling of Collective Transactions notified by Central
portfolio orders or block orders: Electricity Regulatory Commission (CERC).
- Portfolio Orders: 15-minute bids for different price Congestion Management through market splitting and
and quantity pairs. Partial execution is possible. determining the Area Clearing Price (ACP) specific to a
bid area. MCP & ACP prices available on IEX website:
- Block Orders: Relational block bid for 15-minute block for
www.iexindia.com.
the same day. No partial execution possible (all or none).
sell bids.
12:00 - 13:00 Hrs Exchange calculates MCP and provisional obligations of
N3
the members.
Communication of unconstrained solution to National A2
Load Despatch Centre (NLDC). N2 N2
www.iexindia.com
ELECTRICITY MARKET
Discoms from Duration : Twenty hourly contracts for the same day
Intraday
3,900+ Participants
Contingency
300+ Private
Generators
Trading Time : 12:00 to 15:00 Hrs; every day
Delivery Period : For rolling seven days; starting after 4th day