Read more about IEX hits record high after strong business update on Business Standard. Indian Energy Exchange (IEX) rose 2.56% to Rs 396.35 after the electricity market at IEX entered the new fiscal year 2022 with 7707 MU volume in the month of April 21, achieving a 90.2% YoY growth.
Average spot power price rose by 65 per cent to Rs 4.06 per unit in March compared to the year-ago month at Indian Energy Exchange (IEX) mainly due to increase in demand on account of rise in temperature and revival of economic activities. The day-ahead market (DAM) traded 6,549 MU (million units) volume recording a significant 65 per cent YoY (year on year) growth. The average monthly price at Rs 4.06 per unit during the month saw a 20 per cent MoM (month on month) increase, an IEX statement said. According to IEX data, average spot power price in DAM was Rs 2.46 per unit in March 2020 and Rs 3.39 per cent in February 2021.
Average spot power price at IEX jumps 65%
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Average spot power price rose by 65% to ₹4.06 per unit in March compared to the year earlier month at the Indian Energy Exchange (IEX) mainly due to increase in demand on account of rise in temperature and revival of economic activities.
“The day-ahead market [DAM] traded 6,549 million units volume recording a significant 65% y-o-y growth,” the IEX said in a statement.
“The average monthly price at ₹4.06 per unit during the month saw a 20% month-on-month increase,” the exchange added. According to IEX data, average spot power price in DAM was ₹2.46 per unit in March 2020 and ₹3.39 per unit in February 2021.
Indian Energy Exchange (IEX) rose 1.77% to Rs 347.40 after the company said its power market traded highest ever monthly volume of 8249 MU, achieving 92% YoY growth in March 2021 on increased consumption of electricity.Spurred by the increasing demand for electricity across the various states, the electricity market at IEX achieved an all-time high volume of 8248.52 MU in the month of March 2021 surpassing all the previous milestones. The robust volumes led to a 92% YoY growth in electricity market during the month.
Cumulatively for the fiscal year ended March 2021, the exchange market performed well despite the COVID-19 induced lock-down. The electricity market achieved all time high volume of 73,941 MU during the year, leading to 37.2% year on year growth. The new market segments introduced during fiscal year 2021 - the real time market as well as the green market, made 14% contribution to the volume traded during the year.
Indian Energy Exchange announced that spurred by the increasing demand for electricity across the various States, the electricity market achieved an all-time high volume of 8248.52 MU in the month of March 21
surpassing all the previous milestones. The robust volumes led to a 92% YoY growth in electricity market during the month.
According to the power demand data published by the National Load
Dispatch Center, the national peak power demand touched 186 GW seeing a 9% YoY growth while the power consumption grew 23% YoY. The market faced transmission congestion on the inter-state transmission network due to which 24MU was lost during the month, representing 0.03% of total traded volume.