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JUL 04 2015

Volume of power traded in spot market falls 15%

  • Economic Times, ET Bureau / Hyderabad
  • Created: Sat 04th JUL 2015

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.

 
 
 

Tags

India Energy Exchange Ltd. Northern Region India Energy Exchange Energy Power Trading Power IEX Trading Electricity India

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