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Energy News

Spot power trade grew 61 per cent in November: IEX

Spot power trade grew 61 per cent in November: IEXNew Delhi:Indian Energy Exchange(IEX) registeredtrading volumeof 6,164 Million Units (MU) in November, registering a 61 per cent year-on-year (YoY) growth, while the average market price declined by 4 per cent to Rs 2.73 from 2.85 Y-o-Y during the same month last year, the company said in a statement.

As per the data published by NLDC, the national peak demand in November saw an increase of 3.2 per cent while the energy consumption registered 3.15 per cent growth.

“The significant growth in the electricity trade volume at IEX despite a moderate increase in consumption and peak demand is a clear reflection that the distribution utilities, as well as the open-access consumers, have a greater preference for competitive and efficient power procurement through the exchange market,” IEX said.

The ciuntry’s largest power exchange said the real-timeelectricity marketsaw an all time high volume of 894 MU in November since commencement on 1 June 2020 and registered a 10 per cent growth on month-on-month basis.

On the other hand, the green term ahead market registered a cleared volume of 164 MU comprising 145 MU in solar and 19 MU in non-solar.

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