Average spot power price falls to two-year low of Rs 2.77/unit in September: IEX


Average spot power price falls to two-year low of Rs 2.77/unit in September: IEX

The average spot power price fell to a two-year low of Rs 2.77 per unit in September owing to factors like low demand, improved coal supply and higher power generation, according to the Indian Energy Exchange (IEX). The price at Rs 2.77 per unit was 41 per cent lower than September 2018’s rate of Rs 4.69, the exchange said.

“The day-ahead market (DAM) traded 3,488 MU (million units) with avg market in September. The average market clearing price was down by 41 per cent vis-à-vis price of Rs 4.69 per unit in September 2018 and 16 per cent on month-on-month basis. “The average price at only Rs 2.77 per unit (was) lowest in the last 2 years,” according to a statement by the IEX.

The reduction in prices was mainly on account of low demand, improved coal supply, extended monsoon and improved hydro power generation, it added. Read More

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