Average spot power price dropped to Rs 3 per unit in December, which is about 15 per cent lower than Rs 3.55 per unit in the preceding month on Indian Energy Exchange (IEX).
“The average Market Clearing Price (MCP) discovered in Day-Ahead Market at IEX for December was at Rs 3 per unit, about 15 per cent lower than the price in November’17 which was Rs 3.55 per unit and 29 per cent above Rs 2.32 per unit same month last year,” the exchange said in a statement.
A total of 3,108 MU (million units) was cleared, which is about 12 per cent lower than the 3,524 MU traded in November and was almost equivalent to 3,095 MU traded in December 2016.
On a daily average basis about 100 MU were traded. Average daily sell and buy bids were 209 MU and 123 MU, respectively. Read More…
Latest posts by ET Energy World (see all)
- World Bank to extend $30 billion assistance to India for development through 2022 - September 21, 2018
- Indian economy to reach $5 trillion size by 2022: PM Narendra Modi - September 20, 2018
- Maharashtra may hike liquor price so as to cut taxes on petrol, diesel: Official - September 20, 2018