Average spot power price at Indian Energy Exchange (IEX) rose 45.5 per cent in October at Rs 5.94 per unit over Rs 4.08 per unit in the year-ago month. IEX witnessed highest ever sales volume of 7,125 million units (MU) during the month due to higher demand, coal shortage, lower wind and hydro power generation.
The average Market Clearing Price (MCP) at Rs 5.94 per unit last month registered 26 per cent rise over Rs 4.69 per unit price in September 2018 and 45.5 per cent increase over October 2017, an IEX statement said.
According to the statement, power prices and volume remained on the higher side throughout the month due to high demand of power from western, eastern and southern states as well as supply side constraints such as coal shortages, reduced hydro and wind generation affecting the market.
The electricity market at IEX, both Day Ahead Market (DAM) and Term Ahead Market (TAM), traded the highest ever monthly volume of 7,125 MU last month, up 22 per cent over 5,829 MU traded in September and higher 63 per cent year-on-year. Read more