Average Spot Power Price Drops 15 Per Cent In Dec To Rs 3 Per Unit

Average Spot Power Price Drops 15 Per Cent In Dec To Rs 3 Per Unit

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…

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