The average spot power price at Indian Energy Exchange (IEX) touched a five-month high of Rs 2.43 in September due to higher demand, particularly from industrial units, indicating buoyancy in the manufacturing sector. The IEX Day-Ahead Market traded 3,630 MUs in September, the highest ever monthly trade since the inception of IEX in 2008. On a daily average basis, 121 MUs were traded, 9% increase over 111 MUs traded last month. The open access consumers accounted for about 60% of volume traded while rest was on account of distribution companies. The market remained buyer friendly with average daily sell bids at 8,719 MW and purchase bids at 6,109 MW.
The Market Clearing Price (MCP) for the month was very competitive at Rs 2.43 per unit even though overall demand for power was high. On September 08, highest ever peak demand of 156 GW was recorded in the country. The average Area Clearing Prices (ACP) on the Exchange varied from Rs 2.35 to Rs 2.73 per unit across regions.
IEX is India’s premier power trading platform. Currently, IEX operates Day-Ahead Market (DAM) and Term-Ahead Market (TAM) in electricity as well as Renewable Energy Certificate (REC) Market.
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