Average daily sell bids of 198 MU were received against buy bids of 163 MU per day. New Delhi: Power trade in spot market rose by 8.5% on August over previous month due to increase in electricity demand by Southern states.
A total volume of 3982 million units was cleared, which is 8.5% above 3669 MU traded in July ’17 and 15.5% higher than August’16, India Energy Exchange said in a statement.
On a daily average basis over 128 MU was traded. Average daily sell bids of 198 MU were received against buy bids of 163 MU per day.
The Market Clearing Price at Rs. 3.13 per unit was 26% higher from price in July’17 (Rs. 2.49 per unit) and 44% higher than August’16 (Rs 2.17 per unit).
The market saw considerable increase in inter-state transmission congestion mainly on account of import of power by Southern States which were constrained about 11% of the time.
Overall 102 MU were lost due to congestion and daily average volume loss was 3 MU vis-a-vis to overall volume loss of 51 MU and daily average loss of 2 MU in July, it said.