Spot power price falls from 3 per cent to ₹ 2.83 per-unit

Average spot powerprice fell 3 per cent year-on-year to Rs 2.83 per unit in December 2020, compared to the year-ago month, the Indian Energy Exchange (IEX) said Tuesday. With trading of 5,606 million units (MU) of electricity, the volume in the day-ahead market (DAM) rose 29 per cent on a year-on-year (y-o-y) basis, it said.

“The DAM traded 5,606 MU of electricity and registered 29 per cent y-o-y growth during the month. The total sell bids at 10,814 MU were almost twice that of the cleared volume, implying ample availability of the power in the market,” the exchange said.

It added that this consequently led to an attractive average market clearing price of Rs 2.83 per unit which saw a 3 per cent y-o-y decline.