Average spot power price at IEX jumps 65%
The Hindu
Average spot power price rose by 65% to ₹4.06 per unit in March compared to the year earlier month at the Indian Energy Exchange (IEX) mainly due to increase in demand on account of rise in temperatur
Average spot power price rose by 65% to ₹4.06 per unit in March compared to the year earlier month at the Indian Energy Exchange (IEX) mainly due to increase in demand on account of rise in temperature and revival of economic activities. “The day-ahead market [DAM] traded 6,549 million units volume recording a significant 65% y-o-y growth,” the IEX said in a statement. “The average monthly price at ₹4.06 per unit during the month saw a 20% month-on-month increase,” the exchange added. According to IEX data, average spot power price in DAM was ₹2.46 per unit in March 2020 and ₹3.39 per unit in February 2021.
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