The Indian Energy Exchange (IEX), an energy trading platform, has stated that it has witnessed heightened activity on exchange and the distribution utilities across India since the Covid-induced lockdown on March 25.
While the peak demand declined by almost 25 per cent, the exchange has witnessed high sell side liquidity, which is almost at 2.7 times the demand side, which is helping to keep the price in the market under check.
The average price in IEX day-ahead market has been as low as ₹2.36 per unit during March 24 to April 20.
Power procurement by distribution utilities from Andhra Pradesh, Telangana, Tamil Nadu, Maharashtra, Gujarat, Uttar Pradesh, Bihar and Punjab has increased over the last several weeks owing to ample power availability and attractive prices.
