Heavy rains drag down spot power price by 3.51pc at IEX in Aug


Heavy rains drag down spot power price by 3.51pc at IEX in Aug

The average spot power price dipped 3.51 per cent to Rs 3.34 per unit in August compared to July this year due to weak electricity demand after heavy rains, the Indian Energy Exchange said Monday.

“The average market clearing price (MCP) at Rs 3.34 per unit registered 3.51 per cent decline MoM (month on month) basis (August 2018 vs July 2018) and 6.81 per cent increase YoY (year on year, August 2018 Vs August 2017) basis,” the exchange (IEX) said in a statement.

Heavy monsoon rains in various parts of the country affected the demand for power as well as prices discovered in the market.

The DAM (day ahead market) traded 3,975 MU (million units) in August registering a decline of 1.31 per cent over 4,028 MU MoM basis and almost at par with 3,982 MU traded year on year (YoY) basis. Read more

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