• Indian Spot market power prices flat in December

    Spot market power price remained flat at Rs 2.32 per unit last month, same as the previous month and about 10 per cent less over prices of Rs 2.56 per unit in December, 2015.

    The Day-Ahead Market at India Energy Exchange witnessed transactions of 3101 million units in December despite low demand due to the cold wave in North and congestion in Inter-State Transmission Network, an official statement said.

    With the average daily purchase bid of 119 MUs and average daily sell bids of 229 Million Units, the market remained highly liquid and thus the prices were buyer friendly. Large industrial consumers consumers were key buyers in the market followed by distribution companies, it said.

    Unavailability of transmission corridor continued to be a deterrent and led to market splitting and price variations. Jay Bouwmeester Womens Jersey

    Share This