Q. Which Union Ministry launched the ‘Green Day Ahead Market (GDAM)’?
Answer:
Ministry of New and Renewable Energy
Notes: The Union Ministry of New and Renewable Energy launched a new market segment named Green Day Ahead Market (GDAM).
It will enable electricity generation and distribution companies to buy or sell renewable energy through open access. With this, the Indian government is aiming to gradually shift from long term power purchase agreement (PPA)-based contracts to market-based models.