Indian Energy Exchange sets record

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Shiva mahesh

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The Indian Energy Exchange set a record in September by trading a total of 3,630 million units of electricity. This is the highest since its inception of the exchange in 2008. On a daily average basis, 121 million units were traded in September. Around 60% of the power purchasers were open access consumers while the rest were distribution companies. Power was on an average available at Rs 2.43 per unit, much below all sources of power generation

Southern and northern states were the net buyer of electricity while the other regions were the net sellers. The tariff on the exchange varied from Rs 2.35 to Rs 2.73 per unit across regions in September

“Most of the industrial and commercial establishments from south and north bid for electricity on a daily basis last month. Though the bidding cost varied within Rs 3, the landed cost or the final cost which the establishment pays will be around Rs 5 as it will include wheeling and scheduling costs,” an exchange official told TOI

Indian Energy Exchange sets record
 
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