Spot prices of electricity at Indian Energy Exchange rise 66 pct in October

By: |
New Delhi | Published: November 4, 2017 5:57:10 AM

Spot prices of electricity at the Indian Energy Exchange (IEX) increased by 66% annually in October with average market clearing price recorded at Rs 4.08 per unit.

iex, electricity price rise, electricity rates hikeTrade volumes went up by about 13% to 4,079 million units in the month, the exchange said.

Spot prices of electricity at the Indian Energy Exchange (IEX) increased by 66% annually in October with average market clearing price recorded at Rs 4.08 per unit. Trade volumes went up by about 13% to 4,079 million units in the month, the exchange said. The average daily market clearing price varied from Rs 2.82 per unit to Rs 5.62 through the month. Spot power prices of electricity traded in IEX hovered in the Rs 5-5.45-per-unit range during the week of Diwali. The rise in spot prices, as well as electricity volumes traded, is in line with the trend in the recent past when state-owned power distribution companies were buying more power from the short-term market in the wake of shortage of electricity generation from wind, hydro and nuclear units. However, the volumes registered a dip in the week after the festival of lights, coinciding with the onset of the change in season, which has lowered the demand for power.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Next Stories
1PAN not needed for cash sale of agriculture produce up to Rs 2 lakh a day
2US trade deficit rose to $43.5 billion in September
3CVC may roll out Integrity Index by January next year