New Delhi, May 6 (TIWN) Continuing its exceptional performance during the last fiscal, the electricity market at the Indian Energy Exchange entered the new fiscal year 2022 with 7707 MU volume in April 2021, achieving a 90.2 per cent YoY growth.

According to the power demand data published by the National Load Dispatch Centre, the national peak power demand was at 183 GW while the peak demand and power consumption registered close to 40 per cent YoY growth on a weak base.  While the growing electricity consumption has been one of the key factors behind the consistent performance of the Exchange, its robust value proposition in terms of the most competitive prices, flexible, and efficient procurement positions it as the most preferred destination for power procurement for both the distribution utilities as well as the industrial consumers.  The day-ahead market traded 5,699 MU volume in April, achieving a significant 54 per cent YoY growth. The average monthly price at Rs 3.70 per unit witnessed 53 per cent increase over Rs 2.42 in the corresponding period in 2020.