Efficiency helps power trading gain traction
MUMBAI : Power utilities and energy companies are turning to public power trading on account of better prices and increased efficiency in delivery schedules. Data from India’s two energy exchanges show that after the pandemic, the shift to power trading has remained strong, with volumes growing every month.
Indian Energy Exchange (IEX) reported trades of 6,769 million units (MU) in February, registering a 50% growth from a year ago. The day-ahead market traded 5,124 MU and grew 19.5% in February.
In February, the average monthly price was ₹3.39 per unit, an increase of 16% driven by a sharp spike in demand from several states. The real-time market, which was launched in June 2020 and delivers power to buyers with just 1.5 hours of notice, crossed 1 billion units of monthly trades for the third consecutive month in February on IEX.
