Spot power trade at IEX grew 52% in Dec’20

0
31
Spot power trade at IEX grew 52% in Dec'20


Power trade at Indian Energy Exchange registered an all-time high volume of 7,260 MU during the month of December 2020, an increase of 52% over same period previous year.

Data published by the National Load Dispatch Center (NLDC), the national peak demand in December 2020 saw 7% YoY increase while the energy consumption registered 5% YoY growth.

The day-ahead market traded 5,606 MU of electricity and registered 29% year-on-year growth during the month, an official statement issued by IEX said.

The total sell bids at 10,814 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, it said.

The term-ahead market comprising intra-day, contingency, daily and weekly contracts traded 436 MU volume during December’20.

The real-time electricity market registered an all-time high-volume of 1129 MU in December’20 since commencement on 1 June 2020 and achieved 26% MoM growth in volume. The highest volume traded on a single day was 51.34 MU on 04 December’20. The average market price was Rs 2.94 per unit.

During the month, the market saw participation from 344 participants.

The Green Term Ahead Market of IEX 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.

A total of 25 participants traded during the month with distribution utilities from Uttar Pradesh, West Bengal, Delhi, Haryana, Bihar, Telangana, and Karnataka among others, as the key participants.

Since its launch on August 21, 2020, the market has cumulatively traded over 549 MU volume.

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, the statement said.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here