Spot power price up 26 pc at Rs 3.13/unit in August

The average spot power price in August was 26 per cent higher at Rs 3.13 per unit compared to Rs 2.49 in July on the Indian Energy Exchange (IEX).
However, the spot power market traded highest ever volume of 172 million units (MU) on August 1, 2017 and there was one grid, one price realised on 17 days in the month under review on the IEX.
"The Market Clearing Price (MCP) at Rs 3.13 per unit was 26 per cent higher from price in July'17 (Rs 2.49 per unit) and 44 per cent higher than August'16 (Rs 2.17 per unit)," an IEX statement said.

According to the statement, the average MCP during the day was Rs 2.77 per unit, during the night it was Rs 2.74 while during the evening peak it stood at Rs 4.41 per unit.
The exchange said the market saw considerable increase in inter-state transmission congestion mainly on account of import of power by southern states which were constrained about 11 per cent of the time.
Overall, 102 MU were lost due to congestion and daily average volume loss was 3 MU vis-a-vis overall volume loss of 51 MU and daily average loss of 2 MU in July.
As many as 920 participants traded in the spot market on an average daily basis. The highest participation was on August 5, 2017, when 1,028 participants traded on the exchange.

About 116 MU were scheduled during the month, mainly in the intra-day, daily and day ahead contingency market segments, while in July term ahead saw trade of 60 MU.