New Delhi, Aug 6 (TIWN) In a sign that economic activity is fast returning to normal levels after getting badly affected during the peak of second wake in April-May period, the country's largest power exchange, Indian Energy Exchange (IEX) has reported a 37 per cent growth in the volume of electricity traded at the exchange in July, 2021.

The total volume of electricity traded at the exchange stood at 7322 MU (million units) in July 2021, 37 per cent higher than the same month last year. Along with a pick up economic activity, competitive power prices coupled with flexible procurement and a diverse spectrum of market segments have enabled the exchange to increase trading of electricity. Besides, the exchange is also providing participants to accrue significant financial savings by securing electricity from the platform.  According to the power demand data published by the National Load Dispatch Center, the national peak demand on July 7 at 200.6 GW was the highest ever, registering a 17.6 per cent YoY increase while the energy consumption at 125.5 BU grew 10.6 per cent on a YoY basis. During the month, India's manufacturing PMI rose to a 3-month high at 55.3. With easing of lockdown restrictions, economic activities as well as power consumption accelerated.