Average spot power price rose by 44 per cent to Rs 3.98 per unit in April compared to Rs 2.77 per unit in same month last year, mainly due to higher demand, seasonal variations and coal shortage.
"The average Market Clearing Price (MCP) at Rs. 3.98 per unit saw a decline of 1 per cent over 4.02 per unit price in March 2018 and 44 per cent above Rs 2.77 per unit in same month last year," an IEX statement said.
According to the statement, the main reasons for high prices were increase in demand, seasonal variation and inadequate availability of coal with the thermal generators.
One Nation, One Price was realised for 22 days (in April), while it was 27 days in the previous month (March). The day-ahead market primarily experienced minor transmission congestion of 2 per cent time blocks during the month in southern import.
In April, Seven solar generators with size varying from 3 to 100 MW sold 6.14 MUs (million units) in the day-ahead market (DAM) on the exchange. On daily average basis 728 participants traded in the DAM.
The DAM at the IEX almost followed the trend set in March 2018. It saw trade of 4,055 MU, an increase of about 2.53 per cent from 3,955 MU traded in March 2018 and 9 per cent increase over 3,717 MU traded in April 2017.
On a daily average basis about 135 MU were traded, while the average daily sell and buy bids were 184 MU and 170 MU, respectively.
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The all India peak demand touched 1,61,315 MW in April this year, about 1.7 per cent more than highest peak demand of1,58,628MW in the same month last year, according to the NLDC (national load dispatch centre) statistics.
The electricity market at the IEX - Day-Ahead (DAM) and Term-Ahead (TAM) combined traded 4,179 MU in April vis-a- vis4,093 MU traded in March this year an increase of 2.1 per cent, and 3,774 MU traded in April, 2017 an increase of 10.7 per cent.
The Term-Ahead Market (TAM) traded 124 MU in April, mainly in the intra-day and day ahead contingency market segments. The TAM traded 138 MU in March this year and 57 MU in April, 2017.