Average power price dips 21% at IEX in March

KOLKATA: Average market price in the day ahead market at the Indian Energy ExchangeNSE 4.21 % declined 21% in March against the previous year’s corresponding period offering distribution utilities and discoms a compelling opportunity to reduce their financial burden. Prices declined from Rs 3.12 per unit in March 2019 to Rs 2.46 per unit.

In March the electricity market settled trades of 4,291 million units of which 3,971 million units were traded in the day-ahead market witnessing an 18% YoY growth while the term ahead market traded 320 million units thus recording a 30% YoY growth. The southern distribution utilities continued preference for term ahead market contracts.