Spot power prices rise 7%

By: | Published: August 5, 2015 12:39 AM

Indian Energy Exchange (IEX), a platform for spot trading of electricity, on Tuesday said that the average market clearing price (MCP) for July was 7% more than last month’s Rs 2.74 per unit

Indian Energy Exchange (IEX), a platform for spot trading of electricity, on Tuesday said that the average market clearing price (MCP) for July was 7% more than last month’s Rs 2.74 per unit with the exception of the southern and northern regions that witnessed higher area clearing prices (ACP) due to congestion in the interstate transmission system network.

Although the total units traded this fiscal so far was higher at 10.3 BUs (billion kWh) compared to 9.4 BUs in the same period last fiscal, the average MCP this fiscal has been 27% lower at R2.65/unit compared to the corresponding period last fiscal.

In the northern region, ACP was about R3.20 per unit, up by 1% while in the southern states, ACP was R3.69 per unit, 23% over June’15. “With total trade of 2.52 BUs in July, about 3% above 2.45 BUs traded in the previous month and about 9% above 2.32 BUs traded in the same month last year, IEX spot power market maintained low price due to overall good monsoon.

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