IEX spot power market trades at average price of Rs 2.49 per unit in July 2017. The Market Clearing Price (MCP) discovered in Day Ahead Market (DAM) fell 4 % to Rs 2.49 per unit from Rs 2.59 per unit in June 17. The average MCP during the day and the night was Rs 2.18 per unit while during the evening peak the average MCP was Rs 4.03 per unit.
Overall 3669 MU were cleared, 6% below 3920 MU traded in June 17. On a daily average basis over 118 MU were traded. The market pre-dominantly remained a buyer’s market with average daily sell bids of 216 MU exceeding the average daily buy bids of 139 MU. One of the most prominent highlight of the month was the highest trade of about 166 MU on July 30.
The average daily Area Clearing Price (ACP), the price at which settlement takes place, varied from Rs 1.02 per unit to Rs 3.44 per unit across the bid areas.