India witnessed highest electricity trade in October; spot price up nearly 50 per cent


India witnessed highest electricity trade in October; spot price up nearly 50 per cent

India’s witnessed the highest monthly trade of electricity in the spot market in October with companies buying and selling a record 7,125 million units in the Day-Ahead and Term-Ahead markets combined.

This was 63 per cent higher than the volume recorded in the same month last year and 22 per cent increase over September 2018, fresh data sourced from Indian Energy Exchange (IEX) showed.

The Day-Ahead market traded 6,505 MUs in October 2018, the highest achieved so far in any month, registering an increase of 14 per cent on month-on-month basis and increase of 59 per cent on year-on- year basis. On a daily average basis, about 210 MUs were traded at IEX in October, the highest during any month.

Also, the average Market Clearing Price (MCP) at Rs 5.94 per unit registered 26 per cent increase over Rs 4.69 per unit in September 2018 and 46 per cent increase over Rs 4.08 per unit in same month last year. Read More

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