Power News We love to talk!

SEP 16 2015

IEX Power Spot Market touches a new high of 137 MUs

  • Economic Times, ET Bureau / Hyderabad
  • Created: Wed 16th SEP 2015

The India Energy Exchange spot power market made a new high on Tuesday, with record trade of 137 million units of power for delivery on Wednesday. Of the fifteen days this month, the 100 million unit threshold was crossed eleven times and consecutively for ten days - from 6th to 15th September. The previous high was 131 million units, which was traded on 10 October, 2014.

On 15 September, buy bids of 178 million units and sell bids of 158 million units were received which culminated into traded volume of 137 million units. The average daily volume this month has been 109 million units, another high for the spot power market.

The increase in volume is largely due to surge in demand for power in states like Rajasthan, Punjab, Uttar Pradesh, Uttaranchal, Bihar, Chhattisgarh and Maharashtra where there has been an abrupt end of monsoon, leading to increased temperatures and agricultural load. Consequently, the high demand led to an increase in price with average market clearing price at Rs 3.64 per unit.


Rajasthan Uttar Pradesh Punjab Maharashtra Bihar India Energy Exchange Energy Power power market India

Related News

  • New thermal power plants will have to comply with emission standards: NGT  Read more
  • Peak power deficit at 4 per cent: CEA  Read more
  • CERC said no to Massey's name for energy exchange post over FTIL association  Read more
  • In Andhra Pradesh, 3,526 tribal houses bid goodbye to darkness  Read more
  • Wind power companies sore over new forecasting rule  Read more
  • Maharashtra's MSEDCL reduces power supply to farmers due to shortage  Read more
  • Aerial mapping of citys solar energy potential takes off  Read more
  • Low supplies by CIL could derail power generation target  Read more
  • Public hearing on KPR power plant disrupted, deferred  Read more
  • Solar power companies fret over GST cost; find out why  Read more