Power Market Update: July 2017 by Indian Energy Exchange.

In July 2017, the Market Clearing Price (MCP) discovered in Day Ahead Market (DAM) fell 4 % to Rs. 2.49 per unit from Rs. 2.59 per unit in June’17. The average MCP during the day (08:00 to 18:00 Hrs) and the night (01-06 Hrs and 24 Hrs) was Rs 2.18 per unit while during the evening peak (19:00 to 23:00 Hrs) the average MCP was Rs 4.03 per unit.

With rains continuing in most parts of the country except in South the demand for power eased a bit. Overall 3669 MU were cleared, 6% below 3920 MU traded in June ‘17. On a daily average basis over 118 MU were traded. The market pre-dominantly remained a buyer’s market with average daily sell bids of 216 MU exceeding the average daily buy bids of 139 MU.

One of the most prominent highlight of the month was the highest trade of about 166 MU on 30th July.

One Nation, One Grid, One Price was realized on 10 days in July, while in the last month, One Price was realized on 27 days. July saw increase in inter-state transmission congestion mainly on account of import of power by Northern and Southern States which were constrained 10% and 15% of the time respectively. Overall 51 MU were lost due to congestion and daily average volume loss was 1.64 MU compared to overall loss of 6 MU and daily average loss of 0.2 MU in June

 

Market Prices (ACP):

The average daily Area Clearing Price (ACP), the price at which settlement takes place, varied from Rs 1.02 per unit to Rs 3.44 per unit across the bid areas. The ACP across the regions was as below:

  • North:          Rs. 2.54 per unit
  • South:          Rs. 2.59 per unit
  • Rest of India:          Rs. 2.45 per unit

      Market Volume: Key Highlights:

  • Total Sell bids:                                                                                 6,687 MUs
  • Total buy bids:                                                                                  4,295 MUs
  • Total Cleared Volume:                                                                    3,669 MUs
  • Northern Eastern & NE States and Western States:              Net Sellers
  • Southern States:                                                                &a
    Business | News published on 04/08/2017 by Rashmi Nargundkar

 
 
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