IEX power trade grows 37% to 7,322 MU in July freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
IEX power market trades 37 pc higher at 7,322 MU in July ANI | Updated: Aug 05, 2021 11:11 IST
New Delhi [India], Aug 5 (ANI): The electricity market at Indian Energy Exchange (IEX) traded 7,322 million units in July, achieving 37 per cent year-on-year growth.
IEX said the national peak demand on July 7 at 200.6 GW was the highest ever, registering a 17.6 per cent increase while energy consumption grew 10.6 per cent at 125.5 BU.
During the month, India s manufacturing PMI rose to a three-month high at 55.3. With the easing of lockdown restrictions, economic activities as well as power consumption accelerated.
The day-ahead market traded 4,238 MU volume during the month at average monthly price at Rs 2.95 per unit. The sell-bids at 2X of the cleared volume ensured ample availability of power and providing competitive procurement opportunities to the distribution utilities and industries.
Data given by the National Load Dispatch Center on the power demand showed that the national peak demand on 7 July’21 at 200.6 GW was the highest ever registering a 17.6% YoY increase while the energy consumption at 125.5 BU grew 10.6% on a YoY basis.
Indian Energy Exchange Ltd - July 2021 operating highlights equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
IEX power trade grows 37 pc to 7,322 MU in July dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.