Spot power market traded the highest ever monthly volume of 5,829 million units in September this year, 44 per cent higher than corresponding period last year.
The key reasons for increase in volume as well as prices in the day-ahead market included but not limited to: Increase in demand for power in Eastern, Western and Southern States, low availability of coal with thermal power plants; reduced generation from wind and hydro based capacity, and scanty rainfall and dry weather in Southern states in second half of the month, an official statement said.
The day ahead market at India Energy Exchange recorded high volume of 5,725 MUs during the month, an increase of 44 per cent month-on-month basis and 40 per cent increase year-on- year basis, the statement said.
The market achieved all time high record daily volume of 306 MU for delivery on September 29, 2018, crossing the 300 MU mark for the first time. Read More