Average spot power price drops 15% to ~3 per unit

Average spot power price dropped to ~3 per unit in December, 15 per cent lower than ~3.55 per unit in the preceding month on Indian Energy Exchange (IEX). “The average market clearing price discovered in day-ahead market at IEX for December was at ~3 per unit, 15 per cent lower than the price in November 2017, which was ~3.55 per unit and 29 per cent above ~2.32 per unit same month last year,” IEX said. A total of 3,108 MU (million unit) was cleared, which is 12 per cent lower than the 3,524 MUs traded in November and was equivalent to 3,095 MUs traded in December 2016. On a daily average basis, 100 MUs were traded.