Average spot price up 16 to Rs. 3.39/unit in February
Average spot power price rose to Rs. 3.39/unit in February in the day ahead market (DAM), 16% up over the price in January. “The day-ahead market (DAM) traded 5,124 MU (million units) volume and saw a notable 19.5 per cent Y-o-Y growth in February’21. The cumulative sell bids at 8,535 MU were 1.7 times of cleared volume indicating ample availability of power in the market,” an IEX statement said.
The power market at IEX traded 6,769 MU in February and registered 50% y-o-y growth in the month.
Power consumption grows 0.88% in February
India’s power consumption grew 0.88% in February to 104.73 billion units (BU) from 103.81 BU in the same period last year.
The peak demand met, the highest supply in a day, grew 6.7% to 188.15GW from 176.38GW in February 2020.