Search
Electricity Market Observes Rising Volume and Dropping Rates
April 27, 2017
The total volume of electricity traded in the India Energy Exchange market increased by 16% or to about 39,000 million units in FY17, making the average daily volume about 109 MU. However, the average market clearing price dropped by 12% given the rate Rs. 2.41 per unit.
The recent changes were on the account of the government’s ‘One Nation, On Grid, One Price’ initiative, which aims at creating a uniform single price across the nation for electricity supplied through a powerful grid network.
Another benefit of the new initiative is also observed in the inter-state transmission system. In FY16 the volume of electricity that could not be traded due to transmission congestion was 32% higher than the current fiscal.
