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

  • HC reserves verdict on Cairn Indias plea for crude export  Read more
  • GAIL sells 2 mn tonnes US LNG abroad  Read more
  • Tata Power all set for 100 MW solar project in Karnataka  Read more
  • Government asks CIL to ramp up output, dispatch to 2 MT per day  Read more
  • India Economic Conclave 2014: Entire country to have 24x7 power supply by 2019, says Power Minister Piyush Goyal  Read more
  • Govt issues cross border electricity trade guidelines  Read more
  • Kerala readies to welcome electric vehicles  Read more
  • NTPC aims to start Pakri-Barwadih coal mine this year  Read more
  • Railways hopes to save Rs. 1,300 cr in power bills  Read more
  • Pune man develops SOFC generator fueled by biogas  Read more