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Power traded on IEX declined 1.7% in April even as India hit all-time high demand

India’s power demand hit an all-time high of 207.1 gigawatts (GW) on April 29, driven by the increase in demand from households amid heatwaves and a pick-up in industrial demand.

May 05, 2022 / 19:13 IST
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Representative image
Representative image

The Indian Energy Exchange, also referred to as IEX, reported a year-on-year decline of 1.7% in electricity volume traded on the exchange at 7.57 billion units (BU) in April, even as power demand in the country rose to record highs amid rising temperature. 

India’s power demand hit an all-time high of 207.1 gigawatts (GW) on April 29, driven by the increase in demand from households amid heatwaves and a pick-up in industrial demand. States have scrambled to meet the demand, resorting to power cuts in parts.

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According to the power demand data published by the National Load Dispatch Center, the energy consumption in April was 133 BU, up 11% on year. The exchange said that the volumes declined in March due to power supply constraints which also led to high clearing prices across all the market segments.

“The power supply side constraints reflected across the market segments on the exchange. In the day-ahead and real-time market combined, the total buy bids at 21,996 MU almost three times of the sell bids at 7,010 MU while the cleared volume was at 5,818 MU. This situation also led to an increase in the price of power at IEX, both in the conventional as well as the green markets,” the exchange said.