1. Home
  2. India
  3. Average spot power price jumps 65 per cent to Rs 4.06 per unit at IEX
Average spot power price jumps 65 per cent to Rs 4.06 per unit at IEX

Average spot power price jumps 65 per cent to Rs 4.06 per unit at IEX

0
0

According to IEX data, average spot power price in DAM was Rs 2.46 per unit in March 2020 and Rs 3.39 per cent in February 2021.

New Delhi: Average spot power price rose by 65 per cent to Rs 4.06 per unit in March compared to the year-ago month at Indian Energy Exchange (IEX) mainly due to increase in demand on account of rise in temperature and revival of economic activities.

“The day-ahead market (DAM) traded 6,549 MU (million units) volume recording a significant 65 per cent YoY (year on year) growth. The average monthly price at Rs 4.06 per unit during the month saw a 20 per cent MoM (month on month) increase,” an IEX statement said.

According to IEX data, average spot power price in DAM was Rs 2.46 per unit in March 2020 and Rs 3.39 per cent in February 2021.

Source: PTI
Anand Gupta Editor - EQ Int'l Media Network