Power exchange trade up 41%

New Delhi: Spot power trading on exchanges increased by a whopping 41% in the fiscal ended March 31, indicating a significant shift in the Indian power market that has been largely dominated by bilateral deals, data available with the Union power ministry showed.

Internal analysis by the ministry showed that during 2020-21, around 79.6 billion units (BU) has been traded at the two operational power exchanges as compared to 56.5 BU during 2019-20, showing significant growth of 40.9%.

Indian Energy Exchange (IEX) on Tuesday said its electricity market achieved an all-time high volume of 73,941 million units during the year, leading to 37.2% year-on-year growth.


Power Exchange India Ltd (PXIL) managing director and chief executive officer Prabhajit Sarkar told ET that the total physical transactions on the exchange more than doubled as against the previous year, enabling it to gain leadership position in the electricity ‘term-ahead’ market space.