Spot power price flat at Rs 2.54 per unit at IEX

The average spot price of power remained almost flat at Rs 2.54 per unit at the Indian Energy Exchange in February compared to the previous month.

"The average Market Clearing Price (MCP) was Rs 2.54 per unit almost at par with the price of Rs 2.50 per unit in January 17," IEX said in a statement.

According to statement, the spot market witnessed total trade of 2,927 MUs (million units) last month with daily average trade of 105 MUs. In January, it was 104 MUs.

The average buy bids were at 126 MUs almost at par with 125 MUs in the last month while the average daily sell bids at 208 MUs saw minor decline in comparison to last month.

The IEX said that the average Area Clearing Price (ACP) varied from Rs 2.24 per unit to Rs 4.07 per unit in different price areas.

As regards the congestion on Inter-State transmission network, daily average loss was of one million unit in January as compared to two MUs in the February.

With easing of congestion on Inter-State transmission network, 37 MUs were lost in February 17, 50 percent lower than 68 MUs lost in January 17. The Northern import was congested 57 percent of the time during the month while the Southern import was congested about 56 percent of the time.

Till date, in the 2016-17 financial year, the IEX-Day Ahead Market volume was 36,420 MUs, at an average MCP (market clearing price) of Rs 2.45 per unit vis-i- vis price of Rs 2.61 per unit same period last year.

The average Area Clearing Prices (ACP) across regions in February are -- North: Rs 2.99 per unit, North-East, East and West: Rs 2.39 per unit and South: Rs 2.80 per unit.

As many as 1,175 participants traded in the spot market on an average daily basis. The highest participation was on February 23, when 1,260 participants traded on the Exchange.

About 14 MUs were traded under Term Ahead Market, at par with volume traded in the last month, it said.