Current Context: Union Minister of State (IC)Power and New and Renewable Energy and Union Minister of State for Skill Development and Entrepreneurship R.K. Singh has launched Pan-India Real Team Market (RTM) in Electricity through video conference in New Delhi.
- This launch has led to uplift the position of the Indian electricity market in the era of few electricity markets in the world which are having RTM.
- RTM enables buyers and sellers pan –India to meet their energy requirement demand as per their requirement in real-time of operation giving rise to thus organized electricity market platform.
- It is based on double-sided closed auction with uniform prices and will be for every 30 minutes in a day. For each, 15-minute time slot buyers or sellers will have the option of placing buy or sell bids.
- In order to carry out faster transactions and smooth operation in the RTM platform, Power System Operation Control Limited (POSOCO) is working in coordination with National Load Dispatch facilities.
Question:
Q.1 Which of the following minister launched Pan-India Real Team Market (RTM) in Electricity?
a. Piyush Goyal
b. Dharmendra Pradhan
c. R.K. Singh
d. Ravi Shankar Prasad
a. Piyush Goyal
b. Dharmendra Pradhan
c. R.K. Singh
d. Ravi Shankar Prasad
