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The volume of electricity traded in the power spot market fell by 15% to 2.4 billion units in June compared with May due to low demand from the distribution utilities, India Energy Exchange (IEX), the company that provides a platform for power trading, said in a statement.
The market clearing price for June remained nearly flat at R2.56/unit, down 2% from May. The average clearing price — bid prices discovered after accounting for transmission congestion — varied between Rs 2.18-3 per unit except in the northern region, where it rose by over 40% to R3.18 per unit compared with a month ago.
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