Indian Energy Exchange achieved 50% growth in electricity market with volume of 6769 MU in month of February 2021. The robust growth in volume indeed indicates that Exchange’s electricity market being clearly positioned as the most preferred option for distribution utilities and the industrial consumers to source electricity for addressing the demand-supply balance as well […]
December spot power price falls 3 pc to Rs 2.83 per unit
It added that this consequently led to an attractive average market clearing price of Rs 2.83 per unit which saw a 3 per cent y-o-y decline New Delhi: Average spot power price fell 3 per cent year-on-year to Rs 2.83 per unit in December 2020, compared to the year-ago month, the Indian Energy Exchange (IEX) […]
IEX electricity market volume grows 61% YoY in Nov
The Indian Energy Exchange (IEX) traded electricity volume of 6164 million units (MU) in November 2020, registering a significant 61% YoY growth. The day-ahead market volume at 4,860 MU (million units) also recorded 43% Y-o-Y growth. “The market continued to see high sell side liquidity with total sell bids at 9,778 MU being twice that […]
Average spot power price dips nearly 3 pc to Rs 2.69 per unit in September
“With robust sell side liquidity, the average market clearing price at Rs 2.69 per unit saw a decline of about 3 per cent on a YoY basis over Rs 2.77 per unit in September 2019 helping both the distribution utilities and industries to accrue significant financial savings,” it said New Delhi: The average spot power […]
Green certificate sales down 55 per cent to 3.33 lakh in May
NEW DELHI: Sales of renewable energy certificates dropped over 55 per cent to 3.33 lakh units in May compared to 7.5 lakh in the same month a year ago, according to official data. Renewable energy certificate (REC) is a type of market-based instrument. One REC is created when one megawatt hour of electricity is generated […]
Real-time power market will be ideal in dealing with variability and sudden demand surge: Rohit Bajaj, IEX
We had intraday market available but that is about two-and-a-half hour in advance, during which many things are not clear – demand, weather pattern and availability of own resources, said Bajaj New Delhi: The 15-minute power trading window that will be available for companies engaging in spot electricity trade at the Indian Energy Exchange (IEX) […]
Average spot power price remains low at Rs 2.36 a unit during lockdown
The IEX has witnessed heightened activity among power distribution companies (discoms) since the coronavirus-induced nationwide lockdown on March 25, according to a statement by the Exchange New Delhi: Average spot power price has remained as low as Rs 2.36 per unit on the Indian Energy Exchange (IEX) during the lockdown period so far, which began […]
Sales Of Green certificate up 79% at 8.38 lakh units in March
Renewable Energy Certificates (RECs) are a type of market-based instrument. New Delhi: Sales of renewable energy certificates rose over 79 per cent to 8.38 lakh units in March compared to 4.68 lakh in the same month a year ago owing to good supply, according to official data. Renewable Energy Certificates (RECs) are a type of […]
IEX says average spot power prices down 21% in March
Indian Energy Exchange (IEX) said electricity prices in spot market declined by 21% in March 2020 even as there was a 18% surge in trade volume. IEX saw a trade of 4,291 million units (MU) – the Day-Ahead Market (DAM) traded 3,971 MU during March 2020 and saw 18% year-on-year (YoY) growth while the Term […]
Covid-19 lockdown impact: Power demand drops as offices stay plugged out
The price discovered on the IEX Day Ahead Market for delivery on Wednesday was at ₹1.95 per unit. The spot power price hit a low of ₹1.90 per unit in June 2017 due to excessive rainfall. Sources said the closure of offices and factories, reduced buying by state distribution utilities and the Indian Railways stopping […]