Non-agricultural commodities

Primary CERs Producers 2009

India Others

2%

Brazil

Power/Electricity fundamentals

World generation (Terawatt-hours)

2%

3%

2009
20093.6

2008
20201.8

2007
19889.5

2006
19038.3

2005
19038.3

Primary energy - consumption by fuel (million tonnes oil equivalent)

Rest of Latin America

4%

China

72%

Rest of Asia

5%

Central Asia

Africa

5%

7%

Oil

3882.1

3927.9

3939.4

3910.9

3861.3

Natural gas
Coal

2653.1

2726.1

2652.2

2558.3

2512.2

3278.3

3303.7

3194.5

3041.7

2957

Nuclear energy

610.5

619.7

622.5

634.9

627

Hydro electric

740.3

717.5

695.8

697.2

666.6

11164.3

11294.9

11104.4

10843

10624

869.8

834.3

808.8

759.7

708.7

Total

India generation (Terawatt-hours)

Source: State and Trends of the carbon market 2010 - World Bank

Primary energy - consumption by fuel (million tonnes oil equivalent)

Oil
Natural gas
Coal

Primary CDM and JI buyers (2009)

Nuclear energy

Others
Spain, Portugal
& Italy

1%

Hydroelectric

UK

Total

37%

148.5

135

128.5

120.4

119.6

46.7

37.2

36

33.6

34.3

245.8

231.4

212.9

195.1

222

3.8

3.5

24

26.2

27.7

25.4

21.7

468.9

433.3

409.2

378.5

401.6

Source: British Statistical Review 2010, Figures may not tally due to rounding

7%

Japan

13%

Netherlands &
Other Europe

Germany, Sweden & other

Baltic Sea

Total installed capacity (India)

Sector

22%

2009 (MW)

% share

2008 (MW)

% share

76265.00

51.00

76115.67

52.50

Central sector

49071.00

33.00

48970.99

34.00

Private sector

24988.00

17.00

24305.25

13.50

150324.00

100.00

149391.91

100.00

Total installed capacity (India)

Fuel-wise

2009 / MW

% share

2008 / MW

% share

Total thermal

State sector

20%

Source: State and Trends of the carbon market 2010 - World Bank

Total
Source:Central Electricity Authority; As on 30th June, 2009

EUAs, CER & Their Spread Vs US GDP

in%

in Euro
35

ICE EUAs futures (euro/tonne)

CER EUA Spread

30

ICE futures (euro/tonne)

25

US GDP Q0Q (LHS)

102703.98

64.3

95151.74

64.6

Coal

84448.38

52.9

77948.88

53.3

Gas

17055.85

10.7

16003.11

10.5

Oil

20

0
15

-2
-4

10

1199.75

0.8

1199.75

0.9

36863.40

23.1

36877.76

24.7

Nuclear

4560.00

2.9

4120.00

2.9

RES

15521.11

9.7

13242.41

7.7

Total

159648.49

100.0

149391.91

100.0

Hydro (Renewable)

Note: Renewable Energy Sources(RES) include SHP, BG, BP, U&I and Wind Energy.

-6
5

-8
-10

Source: Respective Exchange websites & US Federal Reserve

Feb 10

Mar 10

Jan 10

Dec 09

Nov 09

Oct 09

Sep 09

Jul 09

Aug 09

Jun 09

Apr 09

May 09

Feb 09

Mar 09

Jan 09

Dec 08

Oct 08

Nov 08

Sep 08

Jul 08

Aug 08

Jun 08

May 08

Apr 08

SHP= Small Hydro Project

BG= Biomas Gasfier
BP= Biomass Power
U&I=Urban & Industrial Water Power
RES=Renewable Sources
Figures at second place of decimal may not tally due to rounding off by computer.
Source:Central Electricity Authority, as on April 30, 2010

214 | Commodity Insights Yearbook 2010

A PwC & MCX Joint Endeavour | 215

Non-agricultural commodities

State-wise installed capacity (India) (MW)

Jammu & Kashmir
Himachal Pradesh
Punjab
Haryana
Uttar Pradesh
Rajasthan
Delhi
Uttarakhand
Chandigarh
Bihar
Orissa
West Bengal
Assam
Meghalaya
Tripura
Mizoram
Manipur
Nagaland
Arunachal Pradesh
Sikkim
Jharkhand
Andaman & Nicobar
Gujarat
Maharashtra
Goa
Madhya Pradesh
Chhattisgarh
Lakshadweep
Andhra Pradesh
Karnataka
Kerala
Tamil Nadu
Puducherry
All India

2009
933.49
836.45
3762.35
2132.4
4897.8
4248.8
982.9
1681.85
2
354.9
2447.5
7269.5
423.5
185.2
142.5
22.92
36
24
18.5
37
1680
65.3
10965.22
13371.3
48
3871
3517
9.97
10254.8
6991.22
2298.94
6809.7
32.5
144245.44

2008
935.65
836.45
3762.35
2202.4
4593.2
3293.8
982.9
1681.85
2
364.9
2431.5
6800
423.5
185.2
142.5
22.92
36
24
18.5
37
1750
65.3
8773.72
12871.8
48
3901
2917
9.97
8965.2
6362.42
2277.14
6828.45
32.5
147965.41

2007
625.77
926.35
4861.3
3159.35
5077.48
4519.64
932.4
1734.82
2
590.4
2498.43
6590.13
446.3
189.08
148.36
69.33
50.86
30.67
61.14
44.11
1754.05
65.4
8351.3
14580.46
78.05
4483.98
2814.35
10.73
9452.02
7625.95
2287.08
10606.21
32.52
143061.02

2006

2005

625.77
921.35
4592.47
2559.38
5011
4245.09
932.4
1430
2
603.9
2345.22
4599.08
721.8
189.08
148.36
69.33
50.86
30.67
69.12
44.11
1754.05
70.55
8180.5
14053.27
48.05
3971.92
1687.55
9.97
9017.77
6784.35
2313.66
10093.1
32.5
132329.23

504.2
758.22
4749.68
2560.41
4924.37
3866.11
932.47
1019.7
2
628.82
2345.3
4726.93
621.92
189.08
149.46
66.82
50.86
30.67
60.36
46.1
1754.13
70.72
8047.08
13838.34
48.07
3795.36
1439.01
9.97
8859.65
6529.24
2286.89
9418.64
33.1
124287.18

Thermal installed capacity (MW)

Jammu & Kashmir
175
175
183.94
183.94
Himachal Pradesh
0.13
0.13
0.13
0.13
Punjab
2620
2620
2380
2130
Haryana
2070
2140
2206.42
1606.42
Uttar Pradesh
4372
4067
4380
4380
Rajasthan
3818.8
2863.8
2988.8
2768.8
Delhi
982.9
982.9
932.4
932.4
Chandigarh
2
2
2
2
Bihar
310
320
540
553.5
Orissa
420
420
420
420
West Bengal
6213
5744.2
5468.58
4408.58
Assam
323.5
323.5
344.19
619.69
Meghalaya
2.05
2.05
2.05
2.05
Tripura
127.5
127.5
132.35
132.35

183.94
0.13
2130
1606.42
4280
2533.8
932.4
2
553.5
420
4498.58
619.69
2.05
132.25

Continued on next page>>

State-wise installed capacity (India) (MW) Continued...

2009

2006

2005

Mizoram
22.92
22.92
51.86
51.86
Manipur
36
36
45.41
45.41
Nagaland
2
2
2
2
Arunachal Pradesh
15.88
15.88
15.88
15.88
Sikkim
5
5
5
5
Jharkhand
1550
1620
1620
1620
Andaman & Nicobar
60.05
60.5
60.05
60.05
Gujarat
8970.22
6778.72
6721.2
6995.2
Maharashtra
10292
9792
9542
9417
Goa
48
48
48
48
Madhya Pradesh
2932.5
2982.5
2657.5
2157.5
Chhattisgarh
3380
2780
2530
1530
Lakshadweep
9.97
9.97
9.97
9.97
Andhra Pradesh
6499.7
5254.7
5255
5045
Karnataka
3284.42
2684.42
2684.42
2184.42
Kerala
430.44
430.44
430.44
430.44
Tamil Nadu
4658
4658
4565.76
4565.76
Puducherry
32.5
32.5
32.5
32.5
All India
101761.65
93725.24
91906.85
86014.85

Hydro installed capacity (MW)
Jammu & Kashmir
758.49
760.65
330
429.15
Himachal Pradesh
836.45
836.45
779.6
862.6
Punjab
1142.35
1142.35
2319.83
2327.12
Haryana
62.4
62.4
884.23
946.66
Uttar Pradesh
525.8
526.2
523.5
541.1
Rajasthan
430
430
987.84
1008.84
Uttarakhand
1681.85
1681.85
1652.15
1386.93
Bihar
44.9
44.9
44.9
44.9
Orissa
2027.5
2011.5
2067.93
1923.92
West Bengal
1056.5
1056.5
1022
161.7
Assam
100
100
100
102
Meghalaya
185.2
185.2
156
185.52
Tripura
15
15
15
16
Mizoram
4.05
4.05
4.05
4.05
Manipur
105
0
0
1.5
Nagaland
24
24
24
25.5
Arunachal Pradesh
18.5
18.5
10.5
26.5
Sikkim
32
32
32
32
Jharkhand
130
130
130
130
Andaman & Nicobar
5.25
5.25
5.25
5.25
Gujarat
1995
1995
772
777
Maharashtra
3079.3
3079.8
3082.83
3278.67
Madhya Pradesh
938.5
918.5
1703.67
1738.16
Chhattisgarh
137
137
120
125
Andhra Pradesh
3755.1
3710.5
3533.93
3586.36
Karnataka
3706.8
3678
3300.8
3427.9
Kerala
1868.5
1846.7
1756.5
1821.6
Tamil Nadu
2151.7
2170.45
2093.95
2175.85
All India
38143.79
36877.76
35953.66
34653.78

51.86
45.41
2
15.88
5
1620
60.05
6995.2
9907
48
2157.5
1280
9.97
4728
2184.42
430.44
4550.96
32.5
82410.55

Nuclear installed capacity (MW)

All India

4340

2008

4120

2007

4120

3900

309.15
709
2474.73
946.63
518.6
1008.84
986.93
44.9
1923.93
161.7
2
185.52
16
4.05
1.5
25.5
18.5
32
130
5.25
745
3224.66
1586.67
125
3586.36
3427.9
1807.6
2145.85
32325.77

3360

Source:Central Electricity Authority, Central Electricity Regulatory Commission

216 | Commodity Insights Yearbook 2010

A PwC & MCX Joint Endeavour | 217

Non-agricultural commodities

State-wise electricity requirement (Million KWH)

2009

2008

2007

2006

2005

Jammu & Kashmir

11467

11782

11725

9268

Jammu & Kashmir

Himachal Pradesh

Himachal Pradesh

12907

State-wise electricity availability (Million KWH)

2009
9929

2008

2007

2006

2005

8698

8362

7983

7672

7009

6260

5992

5136

4302

6762

6241

5814

4996

4258

45770

41635

42372

38641

35682

Punjab

39451

37238

38795

34839

32591

Haryana

33520

29085

29353

26249

23132

Haryana

32006

26625

25652

23132

26249

Uttar Pradesh

75822

69207

62628

57441

55682

Uttar Pradesh

59390

54309

51335

48370

44033

Rajasthan

44031

37797

36738

33236

32052

Rajasthan

42983

37388

35597

31715

30879

Delhi

24271

22398

22439

22397

21602

Delhi

24088

22273

22301

22012

21281

8904

7841

7047

5957

5155

Uttarakhand

8321

7765

6845

5599

5008

Punjab

Uttarakhand
Chandigarh

1570

1414

1446

1343

1260

Chandigarh

1521

1414

1446

1341

1258

11763

10527

9155

8425

7955

Bihar

9939

8801

7933

7741

7218

Orissa

21112

20519

18846

17101

15208

Orissa

20926

20214

18500

16796

15010

West Bengal

33853

31289

29020

26538

24936

West Bengal

32919

30290

27902

25966

24509

Assam

5129

5107

4816

4297

4051

Assam

4695

4567

4412

3984

3778

Meghalaya

1550

1713

1620

1368

1382

Meghalaya

1328

1386

1232

1063

1144

Bihar

Tripura

864

800

777

802

745

Tripura

780

728

686

728

666

Mizoram

351

330

288

235

230

Mizoram

288

269

246

222

216
489

Manipur

522

556

530

451

510

Manipur

427

477

501

429

Nagaland

527

475

377

343

408

Nagaland

464

436

334

328

389

Arunachal Pradesh

406

426

391

286

208

Arunachal Pradesh

332

271

302

259

206

Sikkim
Jharkhand
Andaman & Nicobar

383

343

286

223

212

5866

5361

5139

4369

4033

240

236

240

240

240

70412

67482

68747

62464

57137

124961

121901

114885

110005

102765

3085

2801

2740

2624

2338

Madhya Pradesh

43159

42054

41560

38710

36846

Chhattisgarh

11035

14866

14079

14063

13012

Gujarat
Maharashtra
Goa

Lakshadweep

Sikkim
Jharkhand
Andaman & Nicobar

340

330

267

218

210

5409

5110

4458

4154

3868

180

184

180

190

168

67263

60851

57614

54083

52436

101537

95761

93846

89138

84117

3021

2754

2707

2606

2338

Madhya Pradesh

34953

34841

35700

32834

31619

Chhattisgarh

10766

14475

13409

13169

12540

Gujarat
Maharashtra
Goa

24

24

24

25

24

24

24

24

25

24

Andhra Pradesh

79014

71511

64139

60964

53030

Andhra Pradesh

73784

66673

61511

58280

52332

Karnataka

45607

43168

40320

40797

34601

Karnataka

42098

40578

39230

39948

34349

Kerala

17606

17645

15663

15023

13674

Kerala

17183

15562

15284

14716

13578

Tamil Nadu

76213

69668

65780

61499

54194

Tamil Nadu

71488

64208

63954

60445

53853

Puducherry

2118

2020

1841

1808

1678

Puducherry

1973

1773

1841

1808

1678

Source:Central Electricity Authority, Central Electricity Regulatory Commission

218 | Commodity Insights Yearbook 2010

Lakshadweep

Source: Source:Central Electricity Authority, Central Electricity Regulatory Commission

A PwC & MCX Joint Endeavour | 219

Non-agricultural commodities

Economic parameters impacting power/electricity prices

2009

2008

2007

2006

2005

-2.5

1.1

2.9

3.1

Japan

-5.4

-0.3

1.9

2.8

2.4

Eurozone

-4.0

2.3

2.6

1.4

8.7

11.5

11.1

10.4

India

5.5

7.3

8.9

9.7

OECD

-3.4

2.6

3.2

2.7

Real GDP (% change)

US

China

US

0.0

2.5

2.7

3.4

Japan

-1.7

0.5

1.4

0.3

0.3

Eurozone

0.5

2.2

2.2

China

0.8

5.9

1.4

India

7.5

6.7

5.3

OECD

0.1

2.2

2.1

-8.9

1.7

1.5

2.9

Japan

5.3

-20.7

1.5

5.4

3.4

Eurozone

-6.8

-12.2

1.4

5.3

2.5

China

11.0

5.7

17.4

14.7

16.5

India

11.7

-0.2

13.4

5.7

Interest rates (%)
US (Fed funds target)

0.00 - 0.25

0.25

4.25

5.25

4.25

0.13

0.249

0.581

0.618

0.066

2.5

3.5

2.25

China (lending rate)

5.31

5.31

7.47

6.12

5.58

India (repo rate)

4.75

6.5

7.75

7.25

6.25

Japan (12 month T-Bills)

Eurozone (refinance rate)

Money supply ( YoY % change)
US

3.7

9.6

5.6

5.4

4.1

Japan

2.2

0.7

0.7

-0.6

0.3

Eurozone

-0.3

7.5

11.6

9.9

7.4

China

27.58

17.82

16.72

16.9

17.6

India

17.2

19.6

22.84

19.33

17.79

US (Dow Jones)

10428

8,776

13,265

12,463

10,718

India (Sensex)

17464

9,647

20,287

13,787

9,398

OECD Total CPI OECD Groups Total Energy IPB

Source: OECD, IMF, CPM Gold Yearbook, World Bank, BSE, Dow Jones

21275
28395.5
17822.5
16895.38
60
0
84448.38

3563.26
8143.81
4392.78
190
766
0
17055.85

12.99
17.48
939.32
17.2
142.74
70.02
1199.75

24851.25
36556.79
23154.6
17102.58
968.74
70.02
102703.98

1620
1840
1100
0
0
0
4560

13310.75
7447.5
11107.03
3882.12
1116
0
36863.4

42189.33
50475.03
43300.5
21319.46
2288.9
75.27
159648.49

Note: Installed capacity as on 30.04.2010; MNRE-Ministry of New & Renewable Energy

Peak demand Peak met
Peak deficit
Period
(MW)
(MW)
(MW)

2005-06
2006-07
2007-08
2008-09
2009-10*

93255
100715
108866
109809
116281

81792
86818
90793
96785
101609

11463
13897
18073
13024
14672

Peak deficit/ Energy Energy Energy Energy

surplus
requirement availability
deficit
deficit
(%)
(MU)
(MU)
(MU)
(%)
12.30
13.80
16.60
11.90
12.60

631554
690587
739343
777039
688171

578819
624495
666007
691038
620003

52735
66092
72392
86001
68168

8.40
9.60
9.90
11.10
9.90

Source:Central Electricity Authority, as on 05.03.2010

Volume of electricity traded by the trading licences

Year
2008-09
2007-08
2006-07
Name of trading licensee Volume of
% to total Volume of
% to total Volume of
% to total

trade (MUs)
volume
trade (MUs)
volume
trade (MUs)
volume
PTC India Ltd
6520.57
27.00
9552.79
45.57
6575.41
NTPC Vidyut Vyapar Nigam Ltd
4831.48
20.00
3324.07
15.86
2662.98
Adani Enterprises Ltd
2634.25
10.91
1321.88
6.31
1844.66
Tata Power Trading Company (P) Ltd
2523.26
10.45
1681.95
8.02
1206.38
Reliance Energy Trading (P) Ltd
1856.07
7.68
776.25
3.7
878.29
Subhash Kabini Powor Corporation Ltd
-
0
0
36.61
Lanco Electric Utility Ltd
2841.12
11.76
2600.02
12.4
744
JSW Power Trading Company Ltd
2001.44
8.29
1478.57
7.05
967.94
Karam Chand Thapar & Bros Ltd
2.4
0.01
108.29
0.52
106.47
Vinergy International Private Ltd
52.51
0.22
59.52
0.28
Visa Power Ltd
15.5
0.07
Kalyani Power Development (P) Ltd
168.11
0.70
39.31
0.19
Patni Projects Private Ltd
6.58
0.03
6.58
0.03
GMR Energy Trading Ltd.
631.66
2.62
Instinct Avertising & Marketing Ltd.
66.74
0.28
RPG Power Trading Co. Ltd.
16.65
0.07
Knowledge Infrastructure Systems (P) Ltd.
1.61
0.01
Total
24154.45
100
20964.77
100
15022.74

43.77
17.73
12.28
8.03
5.85
0.24
4.95
6.44
0.71

100

Consumer-wise electricity sales (Million KWH)

OECD indicators
OECD Total Monetary Aggr. & Comp. Broad Money Index

2407.33
4630.74
7938.87
334.76
204.16
5.25
15521.11

Northern
Western
Southern
Eastern
N. Eastern
Islands
All India

Source: CERC Annual Report 2008-09

Equity index (points) Year End

OECD Total Purchasing Power Index Manufacturing

1
2
3
4
5
6
7

Note : *Upto January, 2010. (Provisional)

Industrial output (YoY % change)

-2.0

RES@ TOTAL
(MNRE)

Source: Central Electricity Authority

Consumer price inflation (% change)

US

Power scenario (Installed capacity) for all regions at a glance (MW)

Sr.
Region Thermal Nuclear Hydro
No.
Coal
Gas
DSL Total
(Renewable)

135.8

127.3

116.9

107.6

100

N/A

113.83

106.9

103.7

100

114.4

127.8

113.7

109.3

100

Domestic consumers
Commercial consumers
Industry:Low and medium tension consumers
Industry:High tension consumers
Railways consumers
Agriculture consumers
Public services consumers
All other consumers
All-consumers

2007

2006

2005

120918.2
46684.8
40827
148597
11108.3
104181.7
17922.3
11737.8
501977.1

111001.6
40220.1
36018.8
135274.5
10800
99023.2
16155.5
7254.8
455748.5

100090.1
35964.6
34341
117215.8
9943.9
90292.4
15435.3
8603.8
411886.9

Source: Central Electricity Authority, as on 05-03-2010

220 | Commodity Insights Yearbook 2010

A PwC & MCX Joint Endeavour | 221

Non-agricultural commodities

Electricity prices and trading activity

6%

4%

Russian
Federation

5%

Source: BP Statistical Review 2010

Electricity Consumption 2008

USA

Others

23%

29%

India

European
Union

3%

Japan

Russia

6%

5%

17%

China

17%

Source: CIA World Fact Book

Price of Short-Term Transaction of Electricity

(Rs/Kwh)
IEX

11

RTC*

Peak*

Off-Peak*

New Grid#

SR Grid#

10
9
8
7
6
5
4
3
Dec09

Nov 09

Oct 09

2
Sep 09

5,500
3,201
4,404
3,250
3,156
4,554
4,118
7,104
4,675
6,471
6,319
10,631
8,357
6,966
6,053
6,866
7,496
8,476
7,951
7,562
7,673
7,113
-

Aug 09

687,345
727,207
783,705
623,545
647,156
555,345
500,179
514,637
577,176
530,333
373,725
408,705
362,173
182,824
296,151
359,574
450,643
375,190
278,597
223,372
74,917
424
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

Japan
India

Jul 09

27.00
36.00
48.23
57.00
35.94
33.38
22.60
18.56
26.00
30.00
29.50
25.00
30.16
42.48
44.00
60.57
48.00
51.67
56.50
57.00
69.00
94.00
79.50
79.79
69.45
83.85
58.63
55.60
61.68
51.55
44.00
44.50
55.95
51.00
55.00
44.55
47.15
52.76
59.80
32.44
46.00
49.53
32.00
33.15
65.00
46.80
38.50
48.00
50.50
57.00
55.03
60.00
67.50
100.00
75.00
95.00
64.00
45.15
44.17
52.93

46%

Jun 09

36.94
48.68
69.05
77.12
48.24
47.73
34.97
28.53
38.29
39.26
39.03
33.65
40.62
51.83
54.10
71.33
67.00
65.50
66.61
85.90
102.37
140.44
105.38
107.89
92.62
80.61
78.20
106.18
84.76
65.88
63.40
66.58
85.83
61.77
81.05
76.67
78.49
71.33
78.63
51.32
75.70
70.99
49.37
67.05
107.87
68.90
71.60
67.13
67.00
75.22
79.85
81.75
91.33
111.77
119.25
141.00
81.62
85.20
60.50
67.31

Others

May 09

11.20
10.93
10.54
10.93
11.33
11.70
12.00
12.00
11.90
11.85
11.80
11.55
11.33
11.23
11.03
11.00
11.52
11.91
11.99
12.15
12.14
11.84
11.48
11.02
10.57
10.28
10.24
10.33
10.70
10.82
10.96
11.07
11.07
11.09
10.77
10.63
10.27
9.89
10.06
9.84
10.18
10.58
10.94
10.94
10.96
10.85
10.61
10.32
9.87
9.80
9.55
9.25
9.74
9.73
9.91
9.91
9.75
9.77
9.55
9.21

Monthly
average
unit value
(Rs)

Apr 09

4330
4755
4830
5370
5010
4480
4210
5685
3845
3515
3203
1990
1730
910
1000
1170
1635
1800
2055
1720
955
650
690
760
830
820
875
920
1025
930
735
800
1135
1575
1830
2070
2345
2915
3430
3630
3770
3385
3110
3050
2735
2755
2920
2820
2765
2980
2550
2795
3175
2350
1390
1180
810
1080
1350
1500

MCV*
(MW)

Mar 09

15
80
40
0
0
5
-
20
15
120
560
10
30
75
60
-
10
30
-
210
40
70
-
-
-
-
10
30
40
110
20
70
40
40
30
180
40
140
250
180
280
650
345
175
235
170
170
265
370
575
290
280
70
180
390
360
70
60
10
50

USD/Mwh

Feb 09

USD/Mwh

Jan 09

34.12
34.50
37.19
36.68
34.58
38.79
37.35
36.20
33.25
32.34
36.15
35.14
36.25
35.87
54.12
60.64
62.77
76.40
130.00
89.50
81.27
85.02
76.57
64.87
57.80
56.74
53.30
60.16
56.20
50.11
36.79
26.73
26.00
24.45
26.60
22.55
20.88
20.35
24.70
35.37
44.65
49.17
46.75
40.43
37.00
37.38
35.57
36.95
43.38
42.87
52.38
66.25
80.33
50.70
44.32
39.95
36.63
37.33
31.80
30.50

Monthend OI
(lots)

China

18%

Dec 08

Mar-10
Feb-10
Jan-10
Dec-09
Nov-09
Oct-09
Sep-09
Aug-09
Jul-09
Jun-09
May-09
Apr-09
Mar-09
Feb-09
Jan-09
Dec-08
Nov-08
Oct-08
Sep-08
Aug-08
Jul-08
Jun-08
May-08
Apr-08
Mar-08
Feb-08
Jan-08
Dec-07
Nov-07
Oct-07
Sep-07
Aug-07
Jul-07
Jun-07
May-07
Apr-07
Mar-07
Feb-07
Jan-07
Dec-06
Nov-06
Oct-06
Sep-06
Aug-06
Jul-06
Jun-06
May-06
Apr-06
Mar-06
Feb-06
Jan-06
Dec-05
Nov-05
Oct-05
Sep-05
Aug-05
Jul-05
Jun-05
May-05
Apr-05

Aggregate vol
(lots)

21%

Nov 08

Close
price Gbp/
Mwh

USA

IEX

Oct 08

USD/Kwh

Month

Off-peak day
ahead LMP
electricity
spot price/
new England
(NEPOOL)

Sep 08

US residential
electricity
price

On-peak day
ahead LMP
electricity
spot price/
new England
(NEPOOL)

Aug 08

ICE UK base electricity futures

Electricity Generation 2009

Source: CERC, * Bilateral through traders, # Unscheduled Interchange

Note: Vol and OI in lots; Aggregate volume in all contracts during the month; Cumulative open interest in all contracts at the month-end. * MCV - minimum
clearing volume (Matched & Cleared); IEX commenced operations on June 28, 2009
Source: Exchanges websites
222 | Commodity Insights Yearbook 2010

A PwC & MCX Joint Endeavour | 223