IEX sees 15% jump in power trading volumes in September
The volume of electricity traded at the Indian Energy Exchange (IEX) rose by 15 per cent to 3.2 billion units in September.
Besides, the average spot price of electricity shot up to Rs 3.68 per unit last month from Rs 2.82 per unit in August, indicating rise in demand and consumption of power. “The spot volumes increased to 3.2 billion units (BUs) in September, the highest ever in a single month. The volume was almost 15 per cent higher over 2.8 BUs traded in August and 26 per cent higher over 2.5 BUs traded in September last year,” IEX said in a statement. An average of 106 million units (MUs) were traded on a daily basis in September while it stood at 89 MUs in August. In the three months ended September, IEX traded an average of 92 MUs on a daily basis whereas the same was at 86 MUs in April-June quarter.
Source: Latest News