The day-ahead market cleared volume of 4781 MU during the month. The market continued to witness high sell side liquidity with the total sell bids at 9669 MU being more than twice of the cleared volume.
With robust sell side liquidity, the average market clearing price at Rs. 2.69 per unit saw a decline of 3% on a YoY basis over Rs 2.77 per unit in September'19 helping both the distribution utilities and industries to accrue significant financial savings.
Attractive prices and ample availability supported the southern, western and northern state distribution utilities to leverage the Exchange market for meeting their short-term electricity requirements as well as for replacement of costlier power in order to optimize their overall cost of power procurement.
One Nation One Price prevailed during all 30 days of the month making Exchange the most reliable platform for power procurement.
The trade in the term-ahead market stood at 107 MU for the month.
The real-time electricity market (RTM) registered a total trade of 704 MU during September'20.
The market saw 41.76 MU as the highest volume being traded on a single day on 02 September 2020.
During the month, the sell bids were at 2159 MU and the buy bids were at 924 MU. With sell side at nearly 2.3 times the buy side, the average market discovered at Rs 2.52 per unit was attractive for buyers.
On a cumulative basis, the market has achieved a volume trade of 2865 MU in the first four months since inception on 1 June 2020.
Also, the market has been seeing continuous increase in the participation since it facilitates the utilities and industries in managing real-time power requirements in the most efficient, and competitive manner with delivery of power at just 1-hour notice.
IEX commenced trading in the green term-ahead market on August 21, 2020. Presently, the market offers trade in intraday and day-ahead contracts in both solar and non-solar segments.
The market has received an overwhelming response since launch and has registered volume of 82.92 MU during September'20.
The market saw participation from 20 participants during the month and the highest single day participation of 15 was recorded on 30 September'20. The key participants included the distribution utilities such as CESC, DVC, Bihar, Haryana, DNH, Daman & Diu, Delhi, Maharashtra, Karnataka and Telangana.
The REC trading session which was scheduled on September 30 , 2020 could not take place due to 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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