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The electricity market at the Indian Energy Exchange traded a volume of 5675 MU in September’20 seeing a significant 45% YoY increase while the national peak demand in the same period saw a 2% YoY increase and energy consumption recorded a 6% YoY increase, according to the data published by the NLDC.
The day-ahead market cleared volume of 4781 MU during the month. The market continued to witness high sell side liquidity with the total sell bids at 9669 MU being more than twice of the cleared volume. With robust sell side liquidity, the average market clearing price at Rs. 2.69 per unit saw a decline of 3% on a YoY basis over Rs 2.77 per unit in September’19 helping both the distribution utilities and industries to accrue
significant financial savings.
Attractive prices and ample availability supported the southern, western and northern state distribution utilities to leverage the Exchange market for meeting their short-term electricity requirements as well as for replacement of costlier power in order to optimize their overall cost of power procurement.
One Nation One Price prevailed during all 30 days of the month making Exchange the most reliable platform for power procurement.
The trade in the term-ahead market stood at 107 MU for the month.