IEX Day-ahead Market Crosses 300 MU Volume in a Day

Highest Trade of 306 MU at Rs 6.67 per unit for delivery on 29 September 2018

Deepthi | Myequity news | Date : 28-09-2018 20:50:00 IST

IEX day-ahead power market has achieved all time high record volume of 306 MU (12,750 MW average round the clock basis) for delivery on Saturday, 29th September, 2018 marking the first triple century since inception of the Exchange in the year 2008. The average price discovered in the market is Rs. 6.67 per unit.

The maximum sell bid in a 15 minute time block touched 15,782 MW while the purchase bid touched 16,708 MW and the cleared volume reached as high as 13,983 MW.

The average MCP during different time-periods for the trade day is:
    Morning (07:00 to 10:00 Hrs):          Rs. 4.59 per unit
    Day (11:00 to 17:00 Hrs):                 Rs. 6.19 per unit
    Evening peak (18:00 to 23:00 Hrs):  Rs. 10.54 per unit

    Night (01-06 Hrs and 24 Hrs):          Rs. 5.03 per unit


IEX is the first and largest power exchange in India. Providing an automated trading platform for physical delivery of electricity, IEX enables efficient price discovery and offers participants the opportunity to trade in electricity contracts, Renewable Energy Certificates (RECs) and ESCerts (Energy Saving Certificates).

More from Myequity