Average spot power price falls 27% to Rs 2.47 per unit in July on IEX

Attractive price continued to ensure significant savings to distribution companies and industries during this time.

The average spot power price in day ahead market dipped 27 per cent to Rs 2.47 per unit in July as compared to the year-ago period on the Indian Energy Exchange (IEX).

The day ahead market (DAM) traded 4,487 MU(million units)during the the month, an IEX statement said.

"With robust sell side liquidity, the average market clearing price in the day-ahead market during the month at Rs 2.47 per unit registered a 27 per centyear-on-year decline over a price of Rs 3.38 in July2019," the statement said.

The attractive pricecontinued to ensure significant savings to distribution companies and industries during