Indian Energy Exchange’s (IEX) spot power market, traded 2.8 BUs (Billion kWh) in the month of October 2014, about 10% higher than 2.5 BUs traded in September and about 6% higher as compared to volume traded at the Exchange in the same month last year. On October 11, 2014, the Day-Ahead Market traded 131 MUs, highest ever on a single day since the inception of the Exchange in the year 2008 with 625 participants on that day.
At 4.5 BUs the purchase bids far outstripped the sell bids at 3.8 BUs, clearly indicating that the market remained a seller’s market through the month. The Average Market Clearing Price in October 2014 was Rs 4.17 per unit - almost at par with the price in the previous month even though the demand saw an increase of about 8% this month.
In terms of price for the bid-areas, almost 10% decline in the Average Area Clearing Price (ACP) was seen across all bid areas while in the Southern states, the area price increased by almost 50-70% due to transmission congestion.