“Distribution companies across these states preferred day-ahead and term ahead electricity trading platforms at the n exchange to leverage the competitive price discovery, coupled with the benefit of flexible and predictable procurement. ‘One Nation and One Price’ prevailed on all 31 days during the month,” IEX said in a statement.
Day-ahead market witnessed 19% year-on-year increase in volumes while the term-ahead market (TAM) which is leveraged by the discoms to manage demand-supply variability especially in the scenario of high renewable energy concentration in the grid, increased nearly three-fold on year-on-year basis.
Average market clearing price in the day-ahead market was Rs. 3.38 per unit – it recorded decrease of 2% on year-on-year from Rs.3.46 per unit in July’18.Low price coupled with greater certainty and predictability in procurement continue to make compelling proposition for the distribution companies as well as open access consumers to step up their procurement through Exchange.
On all India basis, peak demand met touched 175 GW registering 4% increase on year-on-year basis while all India energy met at 117 billion units increased 6% year-on-year.
