Buyers of electricity contracts in the Real Time Market (RTM) platform of Indian Energy Exchange (IEX), witnessed 21 per cent cheaper average trading prices.
According to data released by IEX, prices for June 2 delivery were Rs 2.2 per unit, 21.8 per cent cheaper when compared to June 1 when prices per unit were trading at Rs 2.68 per unit when compared to the Day-Ahead Market (DAM) data.
Electricity contracts are traded on the DAM where market participants purchase and sell electric energy at financially binding day-ahead prices for the following day. Before RTM came into play, participants were able to buy power from exchanges between 10 AM to 12 noon in the DAM.
