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States' electrification drive for Saubhagya spikes volumes trade at IEX

Power traded on exchange rises 22% in April-June

Representative Image
Representative Image

States pacing up to electrify 100 per cent of the households under the Centre’s Saubhagya scheme has triggered an accelerated buying at the spot energy exchanges. Indian Energy Exchange (IEX), which has a whopping 97 per cent share of online power trade has seen its volumes surging 22 per cent to 14.43 billion units in April-June quarter. The power bourse closed FY18 with a trading volume of 46,214 million units, marking a CAGR (compounded annual growth rate) of 38 per cent with FY2009 as the base year. Exchanges have 36 per cent share in short-term power transactions. The ...