With a shortage of coal reported in several power plants amid rising electricity demand, power traded in the Indian Energy Exchange (IEX) touched an all-time high monthly volume of 9,538 million units (MU) in August. The volume traded in the month was about 74% higher than August last year, the IEX said in a statement. The highest electricity trading in IEX was done in the day-ahead market segment, scheduling 6,649 MU in the month, at an average rate of Rs 5.06/unit. This is comparable with the 4,484 MU traded through the day-ahead market in August 2020, at an average tariff of Rs 2.43/unit.
As FE recently reported, the price of power in the spot market touched an all-time high level of Rs 20/unit on August 29, a day after power supply shortage across the country was as high as 77.7 MU. The supply shortage on the same day in 2020 was 2.3 MU, and a paucity of 18.9 MU shortage was recorded on a corresponding day in 2019.
