Weekly Power Sector Round up: 5th March 2022

IEX volume grows 29% in February

The Indian Energy Exchange achieved 29% year-on-year volume growth across all market segments in February.

The exchange achieved 8,760 MU volume in February comprising 7,695 MU in the conventional power market, 453 MU in the green power market and 612 MU (6.12 lakh certificates) in the REC market.

The Day-Ahead Market volume at 5,612 MU saw a 9.5% YoY growth with the average market clearing price at Rs 4.44 per unit seeing 31% YoY increase mainly due to low generation from imported coal based power plants on account of high imported coal prices as well as increase in the demand for power across states.

Power consumption grows 2.2% in February

India’s power consumption growth remained dampened at 2.2% year-on-year in February to 105.54 billion units (BU).

According to the data, peak power demand met or highest supply in a day rose to 193.64 GW in the month under review compared to 187.97 GW in February 2021 and 176.38 GW in February 2020.