Prices of electricity on the spot market have come down in the month of March, even as the volume of power traded on India’s premier energy exchange, IEX, increased, as consumers shifted to the option of buying on the market.
The average market clearing price (price at which deals were concluded) in the day-ahead market (DAM), in March, was ₹2.46 a kWhr, 21 per cent down from ₹3.12, recorded in March, 2019. However, there was a pick-up in volume traded, growing 18 per cent over March 2019, to 4,291 million kWhr on the DAM. In the term-ahead market (TAM) segment, the increase was 30 per cent and the traded volume was 320 million units.
