Spot power market trade up 51% YoY in Dec

New Delhi: Spot power market witnessed 51 per cent surge year-on-year in electricity trading in December 2019 at 4768 million units due to surge in power demand from cold wave-hit northern states.

The electricity trade on India Energy Exchange was up 25 per cent over November 2019, an official statement said.

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 said.