IEX electricity market sees 50 per cent YoY volume growth in February

The day-ahead market traded 5124 MU volume and saw a notable 19.5% YoY growth in February 2021. The cumulative sell bids at 8535 MU were 1.7 times of cleared volume indicating ample availability of power in the market. The average monthly price at Rs 3.39 per unit during the month saw 16 per cent YoY increase driven by a sharp increase in demand by several states.

The term-ahead market comprising intra-day, contingency, daily and weekly contracts traded 432 MU volume during February 2021 recording a significant 90.84% YoY increase. The real-time market traded 1118.45 MU volume in February 2021. The market crossed 1 billion unit volume milestone for the third consecutive month. The market discovered an average price at Rs 3.31 per unit and saw daily average participation from about 323 participants during the month.

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