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Average spot power price drops 29 pc to 2.35/unit on IEX

Average spot power price ped 29 per cent year-on-year to 2.35 per unit in the day-ahead market in June on India Energy Exchange (IEX). The day-ahead market (DAM) traded 4,174 MU (million units) witnessing high sell-side liquidity in the month, with total sell bids at 10,164 MU being close to 1.5 timed the buy bids at 4,661 MU, according to an IEX statement."The average market clearing price during the month was at Rs. 2.35 per unit registered a whopping 29 per cent YoY (year on year) decline over a price of Rs. 3.32 in June 2019," it said.The increased availability of power and attractive prices in the market ensured that the industries as well as the distribution utilities continue to have access to lower electricity prices leading to grea.....

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