With reference to Green Term Ahead Market (GTAM), consider the following statements: It is an alternative new model introduced for selling off the power by the renewable developers in the open market. Contracts under GTAM would also include non-solar Renewable Purchase Obligations (RPOs) Which of the statements given above is/are correct?

Q. With reference to Green Term Ahead Market (GTAM), consider the following statements:
1. It is an alternative new model introduced for selling off the power by the renewable developers in the open market.
2. Contracts under GTAM would also include non-solar Renewable Purchase Obligations (RPOs)
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C

Notes:

Both statements are correct.

It is an alternative new model introduced for selling off the power by the renewable developers in the open market without getting into long term PPAs.

It aims to benefit buyers of RE through competitive prices and transparent and flexible procurement. Sellers will also be benefitted by getting access to Pan India Market.

The GTAM contracts will be segregated into Solar RPO( Renewable purchase obligation) & Non-Solar RPO.

Source: Article

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS