The document summarizes India's new Real Time Electricity Market. Key points: - The market operates on a half-hourly basis, allowing buyers and sellers to place bids for each 15 minute time block. - Generators with long-term contracts must share 50% of net gains from this market with distribution companies. - The market gives distribution companies an alternative for accessing power at competitive prices in real time and generators a way to sell unused capacity. - It is intended to provide a flexible platform for distribution companies to meet real-time energy needs compared to the existing bilateral contracting system.