The average Market Clearing Price (MCP) discovered in Indian Energy Exchange (IEX) Spot Power Market for February 2018 stood at Rs 3.23 per unit, was also at par with the price of January’18 which was Rs 3.2 per unit and 27% above Rs 2.54 per unit same month last year.
The Day-Ahead market at IEX saw a trade of 3,326 MU in February’18, which is almost at par with the 3,375 MU traded in January’18 and about 14% more than 2,927 MU traded in February’17. On a daily average basis about 119 MU were traded. Average daily sell and buy bids were 224 MU and 155 MU respectively.
The total sell bids during the month were 6,270 MU and the total buy bids were 4,326 MU. On daily average basis 872 participants traded in the day-ahead power market in February’18.