IEX Trades All-Time High Volume of 7260 MU in Dec’20 Registering 52% YoY Growth

This consequently led to an attractive average market clearing price of Rs 2.83 per unit which saw 3 per cent YoY decline. One Nation One Price prevailed during 31 days of the month.

January 05, 2021. By Manu Tayal

The electricity market at Indian Energy Exchange (IEX) traded an all-time high volume of 7260 MU during the month of December 2020 witnessing 52 per cent YoY growth during the month.

According to the data published by the National Load Dispatch Center (NLDC), the national peak demand in December’20 saw 7 per cent YoY increase while the energy consumption registered 5 per cent 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 per cent of the peak demand met.

The day-ahead market traded 5606 MU of electricity and registered 29 per cent 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 per cent 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.

The real-time electricity market continued to witness exceptionally good response from the market participants.

The market registered an all-time high-volume of 1129 MU in Decemeber’20 since commencement on 1 June 2020 and achieved 26% MoM growth in volume. 

The Green Term Ahead Market registered a volume of 90 MU comprising 68 MU in solar and 22 MU in non-solar. The month of December also saw launch of two new contracts – Green Daily Contracts and Green Weekly Contracts.

The REC trading session which was scheduled on December 30, 2020 could not take place due to the stay order from APTEL in response to the petitions filed by a few Renewable Energy Associations against the CERC order dated June’20 regarding revision in the floor and forbearance prices of REC.

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