City residents have started getting the spot bills of the electricity connections from this month. The residents have been getting the bill in the form of a long slip which has all the details including the meter reading,
The price of power traded at Indian Energy Exchange, the country’s largest spot power trading platform, jumped 10 per cent to 3.30 per unit in December 2018 as compared to the same month in 2017, the exchange said in a statement today.
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)
After touching decade highs, power prices have more than halved in the spot market in early October in anticipation of better coal production and supply post monsoon.
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
Spot power prices spiked to five-year-high of Rs 14 per unit in the day-ahead market (DAM) for short periods on the Indian Energy Exchange as state utilities and other consumers rushed to make up the shortfall in generation from hydel, wind and coal-fired stations.
The spot power price has continued its slump into yet another month. In July 2018, the recorded spot power price was ₹3.46 (~$0.0505)/kWh but was still higher than recent tariffs quoted in solar auctions. The price in July was seven percent lower than the spot power price of ₹3.73 (~$0.054)/kWh recorded in June 2018.