Average spot power price dips nearly 3% to Rs 2.69 per unit in September
The average spot power price fell by 3 per cent to Rs 2.69 per unit in September as compared to the year-ago period on the Indian Energy Exchange (IEX) mainly due to ample supply.
The electricity market at IEX traded a volume of 5,675 million units (MU) last month, registering an year-on-year rise of 45 per cent, an IEX statement said.
“With robust sell side liquidity, the average market clearing price at Rs 2.69 per unit saw a decline of about 3 per cent on a YoY basis over Rs 2.77 per unit in September 2019 helping both the distribution utilities and industries to accrue significant financial savings,” it said.
