IEX reports a 45 per cent increase in power trade volume during September

Indian Energy Exchange (IEX) reported a 45 per cent increase in power trade volume during September 2020 compared to the same month last year. …

The average market clearing price in the month under review was 3 per cent lower because of robust sell-side liquidity. According to IEX, the average market clearing price stood at Rs 2.69 per unit as compare to Rs 2.77 per unit in September 2019. This would be helping both the distribution utilities and industries to accrue significant financial savings. The day-ahead market cleared volume of 4,781 million units (MUs) during the month. The market continued to witness high sell-side liquidity with the total sell bids at 9,669 MUs being more than twice of the cleared volume.

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