The Indian Energy Exchange traded 6540 MU of electricity volume in May ’21 achieving 9% YoY growth amidst continuation of the COVID-19 lockdowns as well the cyclonic disturbances which affected the overall power demand in the country.
The national peak demand at 169 GW recorded a 2% YoY growth while the energy consumption at ~111 BU saw 8% YoY growth on the weak base, as per the power demand data published by the National Load Dispatch Center.
IEX endeavors to provide uninterrupted 24*7 access to its platform to facilitate the distribution utilities as well as industrial consumers buy electricity on demand in the sustainable and efficient manner. Driven by the state-of-the-art technology with customer centricity at its core and coupled with the virtues such as the most competitive power prices, flexibility of procurement in 15-minute time blocks and transparency, the Exchange as now positioned as the most preferred destination within the short-term power market.
The day-ahead market traded 4364 MU volume in the month of May’21 with the average monthly price at Rs 2.83 per unit. The market clearing price saw a steep decline of 24% on MoM basis since average monthly price was Rs 3.70 in the month of April’21. The sell-bids at 2.2X of the cleared volume during the month ensured ample availability of power and discovery of competitive prices thereby providing optimization opportunities to the distribution utilities.
The real-time electricity market witnessed a monthly volume of 1436 MU with average monthly price at Rs 2.53 per unit seeing 28% MoM decline. With sell-side bids at 2.6X 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 with a great reliability. The market recorded highest ever single day volume of 74 MU on 29 May’21 since its inception on 01 June’20.
The term-ahead market comprising intra-day, contingency, daily & weekly contracts traded 383 MU during the month.
GREEN MARKET
The green term-ahead market traded the highest ever volume of 357 MU during May’21 comprising 194 MU in the solar segment and 164 MU in the non-solar segment, achieving a significant growth of 92% MoM.
A total of 43 participants participated during the month with distribution utilities from West Bengal, Bihar, Haryana, Telangana, Karnataka, Uttar Pradesh, Goa, and Gujarat among others, as key participants. The market has become a key facilitator of green power trade among distribution utilities, industrial consumers, and green generators offering the most competitive and viable avenue.
