Average spot power price rises 1 per cent in October at IEX

The average spot power price rose marginally by one per cent to Rs 2.74 per unit in October at Indian Energy Exchange (IEX), mainly due to higher supply. ..

The average market clearing price at Rs 2.74 per unit saw only a slight increase of one per cent on year on year basis and 2 per cent on month on month basis. The day-ahead market volume at 5,501 MUs during the month saw a 62 per cent year-on-year growth. Though the buy bids at 6,163 MUs saw a 57 per cent surge in volume during the month, the market continued to witness high sell-side liquidity with the total sell bids at 9,804 MUs, being 1.8 times of the cleared volume (sales).

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