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IEX spot power price slips 13% to Rs 3.55 per unit in November

The average Market Clearing Price (MCP) discovered in IEX Spot Power Market for November was at Rs 3.55 per unit, about 13% lower than the price in October'17 which was Rs 4.08 per unit and is 53% higher over Rs 2.32 per unit in November'16.

A total of 3,524 MU were cleared, which is 13% lower than the 4,079 MU traded last month and about 4% higher than the 3,389 MU traded in November'16. On a daily average basis about 117 MU were traded.

Average daily sell and buy bids were 186 MU and 151 MU respectively. The total sell bids during the month were 5,587 MU and the total buy bids were 4,525 MU. 787 participants traded in the day-ahead power market on an average daily basis.

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