SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

IEX spot power market sees 19% increase in volume to 3955 MU in March

05 Apr 2018 Evaluate

The Day-Ahead Market (DAM) at IEX witnessed a trade of 3,955 MU in March2018, an increase of about 19% from 3,326 MU traded in February18 and about 18% increase over 3,364 MU traded in March17. On a daily average basis about 128 MU were traded while the average daily sell and buy bids were 174 MU and 172 MU respectively. The increase in spot market price was largely on account of aspects such as - increase in demand associated with seasonal variation and inadequate availability of coal with the thermal generators.

The average Market Clearing Price (MCP) discovered in the day-ahead market at Rs 4.02 per unit was 24% more over Rs 3.23 per unit price in February’18 and 57% above Rs 2.56 per unit same month last year. On daily average basis 762 participants traded in the DAM in March’18.

Besides, in fiscal year 2017-18, the DAM traded 44.8 BUs at an average price at Rs 3.19 per unit while it traded 39.8 BU in fiscal 2016-17 at average price at Rs 2.41 per unit. The Day-ahead Market registered growth of 12.7% y-o-y basis with the Exchange accomplishing 98.4% Market Share.


About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×