The average Market Clearing Price (MCP) discovered in Indian Energy Exchange (IEX) Spot Power Market for December stood at Rs 3.00 per unit, about 15% lower than the price in November’17 which was Rs 3.55 per unit and 29% above Rs. 2.32 per unit same month last year.
A total of 3,108 MU was cleared, which is about 12% lower than the 3,524 MU traded last month and was almost equivalent to 3,095 MU traded in December’16. On a daily average basis about 100 MU were traded. Average daily sell and buy bids were 209 MU and 123 MU respectively.
The total sell bids during the month were 6,475 MU and the total buy bids were 3,826 MU. On daily average basis 841 participants traded in the day-ahead power market in December’17.