Indian Energy Exchange (IEX) traded 6,540 million units of electricity volume in May, achieving 9 per cent year-on-year growth among continuation of Covid-19 lockdowns as well the cyclonic disturbances which impacted overall power demand in the country.
The national peak demand at 169 GW recorded a 2 per cent growth while the energy consumption at 111 BU saw 8 per cent increase on the weak base, the exchange stated on Monday.
The day-ahead market traded 4,364 MU volume in May with average monthly price at Rs 2.83 per unit. The market clearing price saw a steep deterioration of 24 per cent on month-on-month basis since average monthly price was Rs 3.70 in April.
The real-time electricity market observed a monthly volume of 1,436 MU with average monthly price at Rs 2.53 per unit seeing 28 per cent month-on-month decline. With sell-side proposals at 2.6X of cleared volume, the market continued to have sufficient availability of power and competitive price discovery.
The term-ahead market comprising intra-day, contingency, daily and weekly contracts traded 383 MU during the month.
The green term-ahead market traded the highest ever volume of 357 MU during May comprising 194 MU in the solar sector and 164 MU in the non-solar segment, achieving a important growth of 92 per cent month-on-month.
A total of 43 participants participated with circulation utilities from West Bengal, Bihar, Haryana, Telangana, Karnataka, Uttar Pradesh, Goa, and Gujarat as key participants.
The lately-launched cross border electricity trade achieved 119 MU volume, IEX stated in a statement.
IEX is India's premier energy exchange offering a nationwide automated trading platform for physical delivery of electricity, renewable power, renewable energy certificates and energy saving certificates.
The exchange platform empowers efficient price discovery, and increases accessibility and transparency of the power market while enhancing speed and efficiency of trade execution.