The electricity market at
Indian Energy Exchange traded an all-time high volume of 7260 MU during the month of December 2020 witnessing an 52% YoY during the month.
According to the data published by the National Load Dispatch Center (NLDC), the national peak demand in December’20 saw 7% YoY increase while the energy consumption registered 5% YoY growth. On 30 December when peak demand touched 182.9 GW, IEX electricity markets underpinning the core values such as most competitive prices, transparent as well as flexible power procurement, contributed to a significant 6.9% of the peak demand met.
The day-ahead market traded 5606 MU of electricity and registered 29% YoY growth during the month.
The total sell bids at 10814 MU were almost twice that of the cleared volume implying ample availability of the power in the market. This consequently led to an attractive average market clearing price of Rs 2.83 per unit which saw 3% YoY decline.
One Nation One Price prevailed during 31 days of the month. The distribution utilities and open access consumers identify with the Exchange electricity market as one of the most viable, competitive and efficient power procurement options for meeting their growing demand for electricity as well as for replacing costlier power tied up under long term arrangement.
The term-ahead market comprising intra-day, contingency, daily and weekly contracts traded 436 MU volume during December’20.