{"id":1975,"date":"2018-09-10T15:23:11","date_gmt":"2018-09-10T15:23:11","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=1975"},"modified":"2018-09-10T17:11:00","modified_gmt":"2018-09-10T17:11:00","slug":"spot-power-market-trades-3975-mu-at-rs-3-34-per-unit-average-price","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/spot-power-market-trades-3975-mu-at-rs-3-34-per-unit-average-price\/","title":{"rendered":"Spot Power Market trades 3,975 MU at Rs. 3.34 per unit average price"},"content":{"rendered":"<p>The all India peak demand touched 170 GW on 10 August\u201918 registering 1% decline month on month (MoM) basis as per the NLDC statistics.<\/p>\n<p>The electricity market at IEX Day-ahead Market (DAM) and Term-ahead Market (TAM) combined traded 4,061 MU in August\u201918 vis-\u00e0-vis 4,149 MU traded last month and 4,098 MU traded same month last year.<\/p>\n<p>DAY-AHEAD MARKET (DAM) :\u00a0Heavy monsoon rains in the various parts of the country affected the demand for power as well as prices discovered in the market.<\/p>\n<p>The DAM traded 3,975 MU in August registering a decline of 1.31% over 4,028 MU MoM basis and almost at par with 3,982 MU traded year on year (YoY) basis.<\/p>\n<p>On a daily average basis about 128 MU were traded during the month with average daily sell bids at 237 MU and average daily buy bids at 158 MU.<\/p>\n<p>The average Market Clearing Price (MCP) at Rs. 3.34 per unit registered 3.51% decline MoM basis and 6.81% increase YoY basis. The average MCP during different time-periods of the month was:<\/p>\n<ul>\n<li>Morning (07:00 to 10:00 Hrs): 3.11 per unit<\/li>\n<li>Day (11:00 to 17:00 Hrs): 2.87 per unit<\/li>\n<li>Evening peak (18:00 to 23:00 Hrs): 4.55 per unit<\/li>\n<li>Night (01-06 Hrs and 24 Hrs): 2.91 per unit<\/li>\n<\/ul>\n<p>One Nation, One Price was realized for 27 days.<\/p>\n<p>The day-ahead market experienced minor transmission congestion for 1% of total time during the month mainly in the import of power to northern region.<\/p>\n<p>On daily average basis 654 participants traded in the DAM during the month.<\/p>\n<p>TERM-AHEAD MARKET (TAM):\u00a0<strong>\u00a0<\/strong>The Term-Ahead Market traded 87 MU in August\u201918 registering a decline of 28% MoM basis and 26% decline YoY basis.<\/p>\n<p>RENEWABLE ENERGY CERTIFICATE MARKET (REC):\u00a0The REC trading session held on Wednesday, 29<sup>th<\/sup> August, 2018, saw a total trade of 5,07,811 lac RECs comprising of 2,91,588 lac Non-Solar RECs and 2,16,223 lac Solar RECs. The distribution companies emerged as the major buyers in the session followed by open access and captive consumers.<\/p>\n<p><u>Non-Solar REC :\u00a0\u00a0<\/u>A total of 2,91,588 non-Solar RECs were traded with buy bid at 6,68,060 and sell bid at 439,855. The clearing price discovered was Rs 1,200 per REC. There was no trade in non-solar RECs of vintage before 1.4.2017 since there were no buy bids in this market. Continuing the pattern since March 2018, the non-solar market continued to see reversal in REC demand-supply situation with buy bids exceeding the sell bids.<\/p>\n<p><u>\u00a0<\/u><u>Solar REC :\u00a0<\/u>A total of 2,16,223 Solar RECs were traded with buy bid at 2,16,223 and sell bid at 14,58,702 . The clearing took place at floor price of Rs 1000 per REC.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The all India peak demand touched 170 GW on 10 August\u201918 registering 1% decline month on month (MoM) basis as per the NLDC statistics. The electricity market at IEX Day-ahead Market (DAM) and Term-ahead Market (TAM) combined traded 4,061 MU in August\u201918 vis-\u00e0-vis 4,149 MU traded last month and 4,098 MU traded same month last [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[1485,1488,1487,1489,1486],"class_list":["post-1975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-day-ahead-market-dam","tag-non-solar-rec","tag-renewable-energy-certificate-market-rec","tag-solar-rec","tag-term-ahead-market-tam"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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