Spot power price falls 22 percent

New Delhi: Average spot power price fell 22 pc at Rs 3.12 per unit in March at Indian Energy Exchange (IEX) compared to Rs 4.02 per unit in the same month last year due to lower demand. The total traded volume in Day Ahead Market (DAM) last month declined 15 pc to 3,356 million units (MU) as against 3,955 MU in March 2018, according to an IEX statement. The Term-Ahead Market (TAM) traded 246.34 MU in the reported month, registering a surge of 78 pc over 138 MU traded in March 2018.  However, the traded volume in DAM in March was up 20 per cent from 2,794 MU in February 2019.