Energy bourse touches new high with 18k mw-hour

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Mumbai, Aug 25: The Indian Energy Exchange’s (IEX), traded volume has jumped to 18,000 megawatt-hours in the first two months of its operations, a company statement said here.

The traded volume has jumped from a modest start of 58 Megawatt-hours (MWh) on the first day to over 18,000 MWh on August 8. Total traded volume on the IEX has crossed 251 MUs in first two months of operations. The hourly prices were generally in the range of Rs 6.50 per unit Rs 8.50 per unit with an average price of Rs 7.60 per unit.

The power exchange has completed two months of successful operations after going live on June 27. The participants are satisfied with the IEX platform and continue to utilise the platform for trading surplus/shortfall of electricity, the company said. The exchange said that the members have recovered more than the cost of exchange membership in few weeks. During this period, the participants have collectively benefited significantly as compared to their bids.

These gains are arising from the difference between their willingness to pay or get paid and what they have paid or have been paid. Further, buyers and sellers are utilising the exchange to their benefit against the prices prevailing in their regions. The aggregate amount of benefit to the industry during the last two months is over Rs 20 crore. Transmission capacity reservation, scheduling and co-ordination with the system operator are done by the IEX. The participants have only to undertake the bidding through the trading terminal provided by IEX.