Trading within the Electric Sectors

Green Market launched on August 21, 2020, trades 3 MU; real-time Electricity Market trades 856 MU volume with 9% MoM increase; IEX Electricity Market trades 5467 MU in August’20 and registers 1% YoY increase.

Electric Sectors
Pic by AbsolutVision on pixabay

Indian Energy Exchange trades 5467 MU in August’20 witnessing a 1% increase over in comparison to the volume trade in August’19. The national peak demand in the same period observes a 6% YoY drop while the energy consumption declines 2% in August’20 according to the data issued by the NLDC.

The day-ahead market traded 4484 MU during the month with average market clearing price at Rs. 2.43 per unit. The price saw a significant 27% YoY decline over Rs 3.32 in August’19. The prices drew an attractive proposition for both the distribution utilities and industries yielding significant savings. The day-ahead market sees adequate availability of power with high sell-side liquidity. The total sell bids at 10,123 MU were twice of the buy bids at 5081 MU.

The term-ahead market at 115 MU increased 97% MoM basis indicating continued acceptance of TAM contracts by the distribution utilities for meeting their short-term power requirements.

REAL-TIME MARKET

The real-time electricity market registered a significant rise of 9% on MoM basis with a total trade of 856 MU during August’20. This is the highest monthly volume achieved in real-time trade so far since its launch on June 01, 2020. The Exchange accomplished cumulative trade of 2157 MU in the first three months. With 242 customers participating during the month, the real-time market continues to see adequate availability of power with sell bids volume at about 2.5X of buy bids.

The average market clearing price stood at Rs 2.26 per unit witnessed a 9% decline on an MoM basis. The market saw 53.09 MU as the highest volume being traded on a single day on August 05, 2020.

GREEN MARKET

The trading in the green term-ahead market commenced on 21st August’20, at the Exchange. Presently the trade-in intraday and day-ahead contracts in both solar and non-solar category are live whiles, daily and weekly contracts will commence shortly. The market has witnessed an encouraging response since launch and has registered trade of 3 MU in the first 11 days.

RENEWABLE ENERGY CERTIFICATES

The REC trading session which was scheduled on 26th August’20, could not take place because of the stay order from APTEL in response to the petitions filed by a few Renewable Energy Associations against the CERC order dated June 2020 regarding revision in the floor and forbearance prices of RECs.

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