Indian Energy Exchange (IEX) traded 6540 MU of electricity volume in May 2021, recording a 9 per cent year-on-year growth, an IEX release said.
May 2021 marked continuation of the COVID-19 lockdowns as well the cyclonic disturbances which affected the overall power demand in the country, the release noted. The national peak demand at 169 GW recorded a 2 per cent year-on-year growth, while the energy consumption at around 111 BU saw 8 per cent year-on-year growth on the weak base, as per the power demand data published by National Load Despatch Centre (NLDC).
The trading highlights on different market segments on the IEX are summarized here:
- The day-ahead market (DAM) traded 4364 MU volume in May 2021 with the average monthly price at Rs 2.83 per unit. The market clearing price saw a steep decline of 24 per cent on month-over-month basis since average monthly price was Rs.3.70 per unit in April 2021.
- The real-time electricity market (RTM) witnessed a monthly volume of 1436 MU with average monthly price at Rs.2.53 per unit seeing 28 per cent month-over-month decline. With sell-side bids at 2.6 times of cleared volume, the market continued to have ample availability of power and competitive price discovery. The market emerged as a great support to the Southern and Western coastal States that were hit by the Cyclone Tauktae and facilitated them in real time power demand-supply balancing at competitive prices.
- RTM recorded highest ever single day volume of 74 MU on May 29, 2021 since its inception on June 1, 2020.
- The green term-ahead market (GTAM) traded the highest ever volume of 357 MU during May 2021 comprising 194 MU in the solar segment and 164 MU in the non-solar segment, achieving a significant growth of 92 per cent month-over-month.
- The recently-launched Cross Border Electricity Trade (CBET) achieved 119-MU volume in May 2021. While Nepal has already been participating actively in IEX’s DAM segment, other South Asian countries are expected to join in soon.
- The REC trading session, scheduled for May 26, 2021, did not take place due to a stay order from Appellate Tribunal for Electricity (APTEL), in response to the petitions filed by a few Renewable Energy Associations. The next hearing on the matter on APTEL is scheduled to be held on July 14, 2021.
Note: MU = million units = million kwh = Gwh; BU = billion units = 1,000 MU
