Electricity traded in the day-ahead market of the India Energy Exchange increased by 16% in FY17 to 39,785 million units (MU) on the back of an average daily volume of 109 MU. At Rs 2.41 per unit, the average market clearing price in FY17 fell 12% from the previous fiscal. Clearing price for electricity in the spot market was the highest for south India, with prices ranging from Rs 2.79 to Rs 2.92 per unit.Reflecting progress in the government’s ‘One Nation, On Grid, One Price’ initiative, a uniform single price was discovered at the exchange for 28 days in the fiscal. Through the initiative, the government intends to create a robust transmission grid network where power would be available at one price throughout the nation.