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.