Indian Energy Exchange (IEX) traded 6,540 million units of electricity volume in May, achieving 9 per cent year-on-year growth amid continuation of Covid-19 lockdowns as well the cyclonic disturbances which affected overall power demand in the country.<\/p>\n
The national peak demand at 169 GW recorded a 2 per cent growth while the energy consumption at 111 BU saw 8 per cent growth on the weak base, the exchange said on Monday.<\/p>\n
The day-ahead market traded 4,364 MU volume in May with average monthly price at Rs 2.83 per unit. The market clearing price saw a steep decline of 24 per cent on month-on-month basis since average monthly price was Rs 3.70 in April.<\/p>\n
The real-time electricity market witnessed a monthly volume of 1,436 MU with average monthly price at Rs 2.53 per unit seeing 28 per cent month-on-month decline. With sell-side bids at 2.6X of cleared volume, the market continued to have ample availability of power and competitive price discovery.<\/p>\n
The term-ahead market comprising intra-day, contingency, daily and weekly contracts traded 383 MU during the month.<\/p>\n
The green term-ahead market traded the highest ever volume of 357 MU during May comprising 194 MU in the solar segment and 164 MU in the non-solar segment, achieving a significant growth of 92 per cent month-on-month.<\/p>\n
A total of 43 participants participated with distribution utilities from West Bengal, Bihar, Haryana, Telangana, Karnataka, Uttar Pradesh, Goa, and Gujarat as key participants.<\/p>\n
The recently-launched cross border electricity trade achieved 119 MU volume, IEX said in a statement.<\/p>\n
IEX is India’s premier energy exchange providing a nationwide automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates.<\/p>\n
The exchange platform enables efficient price discovery, and increases accessibility and transparency of the power market while enhancing speed and efficiency of trade execution.<\/p>\n","protected":false},"excerpt":{"rendered":"
Indian Energy Exchange (IEX) traded 6,540 million units of electricity volume in May, achieving 9 per cent year-on-year growth amid continuation of Covid-19 lockdowns as well the cyclonic disturbances which affected overall power demand in the country. The national peak demand at 169 GW recorded a 2 per cent growth while the energy consumption at 111 BU saw 8 per cent growth on the weak base, the exchange said on Monday. The day-ahead market traded 4,364 MU volume in May with average monthly price at Rs 2.83 per unit. The market clearing price saw a steep decline of 24 per […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-419097","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/419097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=419097"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/419097\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=419097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=419097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=419097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}