Day-ahead market trades 3,404MU at avg MCP of 3.59 per unit

The all India peak demand touched162GW on 2nd November 2018registering increase of 9 per centover November’17 as per NLDC statistics. The energy supplied at 100,547 MU in November’18 saw an increase of 7 per cent over 94,371 MU supplied in November’17.

The electricity market at IEX– the Day Ahead- Market (DAM) and Term Ahead-Market (TAM) combined traded3,574MU in November’18 registering7 per cent decline over 3,841MU traded in November’17.

Day-Ahead Market (DAM)
The Day-Ahead Market saw a trade of 3,404 MU registering decline of per centyear-on- year (YoY) basis.
On a daily average basis about 113 MU were traded.

The average Market Clearing Price (MCP) at 3.59 per unitregistered 1 per cent increase over 3.55 per unit in same month last year. The average MCP during different time-periods of the month was:

• Morning (07:00 to 10:00 Hrs): 3.77 per unit
• Day (11:00 to 17:00 Hrs): 3.67 per unit
• Evening peak (18:00 to 23:00 Hrs): 4.27 per unit

Term-Ahead Market (TAM)
The Term-Ahead Market traded 170MU in November’18registering 46 per cent decline over November’17.

Renewable Energy Certificate (REC) market
A total of 3,88,213 RECs were cleared in the REC trading session at the Exchange held on 28 November, 2018. The trading session saw decline of 79 per cent YoY basis.

Both non-solar and solar REC saw reversal in REC demand-supply situation with buy bids exceeding the sell bids.The captive users were the major buyers in the November’18 REC trading session followed by distribution companies and open access consumers.In fiscal 2018-19 (year to date) IEX has cumulatively traded 59.34 RECs over 34.38 lac RECs traded in same period previous fiscal representing an increase of 73 per cent.