Kolkata: Indian Energy Exchange (IEX) witnessed a 30% rise in power demand on Monday as compared to last Monday (July 15). Average price for Monday deliveries was settled at Rs 3.81 per unit, 6.73% more than previous Monday’s average price.According to data released by the exchange, demand for power on Monday was 214 million units while total sell offer stood at 230.35 million units, 6.18% less than on previous Monday. Maximum price settled for the day was Rs 7.17 per unit, 14% less than July 15.
Demand for power continued to rise and remained more than supplies between 7 pm and 12 midnight during the day.
During the 7 pm and 8 pm slot, demand rose 16% to 10.52 million units compared to previous Monday. However, supplies also rose 16% to 8.4 million units during the slot. Price was settled at Rs 5.22 per unit, or 7.5% less than previous Monday.
For the 8 pm to 9 pm slot, demand rose 15% to 11.54 million units while supply increased 20% to 8.08 million units. Price for the slot was settled at Rs 6.82 per unit, or 18% less than on previous Monday.
For the 9 pm – 10 pm slot, demand for power increased 13% to 12.35 million units while supply increased 16% to 8.27 million units. Price for the slot was settled at Rs 7.17 per unit, highest during the day, which, however, was nearly 13% less than on last Monday.
Power demand on Monday, for the 10 pm to 11 pm slot, was 12.8 million units 12% more than previous Monday. Supply was 9.12 million units, almost 26% more than on Previous Monday. Price for the slot was settled at Rs 7 per unit, nearly 4% lower than the corresponding slot during previous Monday.
For the 11 pm to 12 midnight slot, demand was 12.67 million units, 18% higher than on previous Monday. Supply was 9.67 million units, 26% more than the previous period. Price was settled at Rs 5.7 per unit, 8% higher than the corresponding slot during previous Monday.