January spot power price rises 4 pc to Rs 3.33 per unit


January spot power price rises 4 pc to Rs 3.33 per unit

“The average Market Clearing Price (MCP) at Rs 3.33 per unit registered 4 per cent increase (in January) over Rs 3.20 per unit in same month last year (January 2018),” an IEX statement said.

According to the day-ahead-market (DAM) data at IEX, with trade of 3,281 MU (million units), the volume in the day-ahead-market saw an increase of 7 per cent on month-on-month (M-o-M) basis and decline of 3 per cent year-on-year (Y-o-Y) basis. On a daily average basis about 106 MU were traded.

The exchange said the market clearing price and volume in January 2019 remained almost same as that in December 2018, mainly on account of winter and subdued demand for power, especially in the northern states. Read More

Leave a Reply

Your email address will not be published.