Received good response to RTM, says IEX

The real time market traded 3.41 million units of volume in 48 auction sessions on day one of the launch.

BCCL
The new market segment was operationalised at the IEX platform at 2245 hrs on May 31, 2020 for delivery at 12:00 AM on June 1, 2020.
New Delhi: Indian Energy Exchange on Tuesday said it received a good response from state power distribution companies, power generators as well as commercial and industrial consumers on the first day of trading on its Real Time Market.

The real time market traded 3.41 million units of volume in 48 auction sessions on day one of the launch. The new market segment was operationalised at the IEX platform at 2245 hrs on May 31, 2020 for delivery at 12:00 AM on June 1, 2020.

The average price discovered on day one was Rs 1.55 per unit and the minimum price touched Rs 0.10 per unit on the platform. The platform witnessed significant sell side liquidity at about 10 times of the total buy volume.


More than 80 market participants including many distribution utilities and generating companies, industrial customers through open access participated.

“This reinforces IEX’s belief that real time trading of electricity would significantly help utilities and open access consumers manage power demand-supply variation and meet 24x7 power supply aspirations in the most flexible, efficient, and dynamic way,” it said.
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