Power market trades 6,540 MU in May amid lockdowns

Indian Energy Exchange (IEX) traded 6,540 million units of electricity volume in May, achieving 9 per cent year-on-year growth amid continuation of Covid-19 lockdowns as well the cyclonic disturbances which affected overall power demand in the country.

The national peak demand at 169 GW recorded a 2 per cent growth while the energy consumption at 111 BU saw 8 per cent growth on the weak base, the exchange said on Monday.

The day-ahead market traded 4,364 MU volume in May with average monthly price at Rs 2.83 per unit. The market clearing price saw a steep decline of 24 per cent on month-on-month basis since average monthly price was Rs 3.70 in April.

The real-time electricity market witnessed a monthly volume of 1,436 MU with average monthly price at Rs 2.53 per unit seeing 28 per cent month-on-month decline. With sell-side bids at 2.6X of cleared volume, the market continued to have ample availability of power and competitive price discovery.

The term-ahead market comprising intra-day, contingency, daily and weekly contracts traded 383 MU during the month.

ET Energy World
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