/ IEX Spot Power Price Surges To Rs 4.08 Per Unit In October ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 6 November 2017

The average Market Clearing Price (MCP) discovered in IEX Spot Power Market for October stood at Rs 4.08 per unit was almost same as in September’17 and was 66% higher over Rs. 2.46 per unit in October’16. A total volume of 4079 MU was cleared, almost same as trade volume of last month and about 13% more over 3609 MU traded in October’16. On a daily average basis about 132 MU were traded.

With average daily sell bids at 169 MU against buy bids at 179 MU, the market largely remained a deficit market. The total sell bids during the month were 5,248 MUs and the total buy bids were 5,535 MUs.

The average daily market clearing price varied from Rs 2.82 per unit to Rs 5.62 through the month. 789 participants traded in the spot market on an average daily basis.

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