India: Short-term electricity sales at IEX down 15% in May ’21

The Indian Energy Exchange (IEX) traded 6,540 MU of electricity volume in May ’21 recording a fall of 15% m-o-m compared with 7,707 MU in Apr, amidst continuation of Covid restrictions as well as cyclonic disturbances. Besides, surplus power availability in difficult market conditions negatively impacted prices in the day-ahead market which saw a steep fall of 24% on a monthly basis to INR 2.83/unit in May ’21.