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IEX electricity market trades 5334 MU in July

The electricity market at the Indian Energy Exchange witnessed a total trade of 5334 MU in July 2020. The volume traded in July 2020 registered an increase of 11% over June 2020 and remained at par with volume traded in July 2019, while the national electricity consumption and peak demand saw 3% decline in July 2020.The day-ahead market traded 4487 MU during the month. The market continued to see high sell side liquidity—the total sell bids at 9734 MU were close to 1.9X of the buy bids which stood at 5199 MU.With robust sell-side liquidity, the average market clearing price in the day-ahead market during the month at Rs 2.47 per unit registered a 27% YoY decline over a price of Rs 3.38 in June 2019.The attractive price continued to ensure s.....

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