Buy power here, get it in 1 hour: R K Singh launches real-time power market

This has placed Indian electricity market amongst a league of few electricity markets in the world, which have real time market, he said

Power Minister R K Singh on Wednesday formally launched pan-India real-time market in electricity, which allows consumers to buy power just one hour before delivery.

Real-time market (RTM) enables consumers, including distribution companies (discoms) and captive users, to buy power on exchanges just an hour before delivery.

"Minister of State (Independent Charge) Power and New & Renewable Energy R K Singh launched pan-India Real Time Market in electricity through video conference in New Delhi, on June 3, 2020," a power ministry statement said.

The real-time