New Delhi: Average spot power price fell by 29 per cent to Rs 3.34 per unit in May compared to the year-ago month, the Indian Energy ExchangeNSE 0.69 % (IEX) said Thursday. With trading of 3,772 million units (MU) of electricity, the volume in the day-ahead-market (DAM) fell 6 per cent on month-on-month basis, while the fall was 23 per cent on year-on-year basis. On a daily average basis, around 122 MUs were traded in May 2019, the exchange said.
“The average Market Clearing Price (MCP) at Rs 3.34 per unit (in May 2019) declined 29 per cent over 4.67 per unit in May 2018 mainly on account of reduced demand in the short-term market,” the IEX said.
