The
Indian Energy Exchange (IEX) on Monday registered a whopping 61% yoy growth in electricity volume 6164 MU in November’20. On Sensex, IEX finished at Rs214.35 per piece down 0.56%.
Further, IEX stated that as per the data published by NLDC, the national peak demand in November saw an increase of 3.2% YoY while the energy consumption registered 3.15% YoY growth.
According to the regulatory filing, the day-ahead market volume at 4860 MU also recorded 43% YoY growth. The market continued to see high sell-side liquidity with total sell bids at 9778 MU being twice that of the cleared volume. This enabled the market to maintain an attractive average market clearing price at Rs 2.73 per unit during the month seeing a 4% YoY decline over the price of Rs 2.85 during the same period last year.
"Attractive power prices in the Exchange market continued to yield greater financial savings for the distribution utilities and industries enabling them to build on and improve their financial liquidity as well as overall efficiency," IEX said.
IEX said, the significant growth in the electricity trade volume at IEX despite a moderate increase in consumption and peak demand is a clear reflection that the distribution utilities, as well as the open-access consumers, have a greater preference for competitive and efficient power procurement through the Exchange market.
Further, IEX's real-time electricity market saw an all-time high volume of 894 MU in November since commencement on 1 June 2020 and registered a 10% growth on an MoM basis. The highest volume traded on a single day was 40.6 MU on 29 November.
Meanwhile, the Green Term Ahead Market registered a cleared volume of 164 MU comprising 145 MU in solar and 19 MU in non-solar. Since its launch on August 21, 2020, the market has cumulatively traded over 459 MU volume.
The term-ahead market traded 245 MU volume during November’20.