Spot power trade grew 61 per cent in November: IEX
Indian Energy Exchange (IEX) registered trading volume of 6,164 Million Units (MU) in November, registering a 61 per cent year-on-year (YoY) growth, while the average market price declined by 4 per cent to Rs 2.73 from 2.85 Y-o-Y during the same month last year, the company said in a statement.
As per the data published by NLDC, the national peak demand in November saw an increase of 3.2 per cent while the energy consumption registered 3.15 per cent growth.
“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,” IEX said.
The ciuntry’s largest power exchange said the 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 per cent growth on month-on-month basis.
