Spot power price dips 6% to Rs 2.91 per unit in February
Average spot power price declined 6 per cent to Rs 2.91 per unit in February on the Indian Energy Exchange (IEX), according to official data.
The price had stood at Rs 3.08 per unit in February 2019.
“The average market-clearing price in DAM (day-ahead market) at Rs 2.91 per unit saw a significant 6 per cent decline over the price of Rs 3.08 per unit in February 2019 and resulted into substantial savings for the market participants,” the IEX said in a statement on Wednesday.
The electricity market on the IEX recorded a trade of 4,516 MU (million unit) in February, registering a 57 per cent year-on-year rise. The DAM traded 4,289 MU during the month.
