Electricity demand in the spot power market rose in December 2019, but the average clearing price of power remained subdued.
A statement from the Indian Energy Exchange (IEX) said, “The electricity market at IEX recorded a total trade of 4,768 million units in December 2019. The market witnessed a 51 per cent (year-on-year compared to December 2018) increase in traded volumes.”
“The increase in traded volumes on the Exchange was largely due to surge in demand from the northern states as well as the southern States. The northern states experienced intense cold wave this month leading to an increase in peak demand in several states,”the statement added.
