Average spot power price surged 41 per cent in September to Rs 4.69 per unit as compared to Rs 3.34 per unit in August this year at Indian Energy Exchange (IEX), mainly due to higher demand, coal shortage and lower wind as well as hydro power generation.
“The average Market Clearing Price (MCP) at Rs 4.69 per unit registered 41 per cent increase over 3.34 per unit price in August 2018 and 15 per cent increase over Rs 4.09 per unit in same month (September) last year,” Indian Energy Exchange (IEX) said in a statement.
According to the statement, the key reasons for increase in volume as well as prices in the day-ahead market included but not limited to increase in demand for power in eastern, western and southern states, low availability of coal with thermal power plants; reduced generation from wind and hydro based capacity, and scanty rainfall and dry weather in southern states in second half of the month.
However, the IEX said that One Nation, One Price was realised for 28 days in the month. Read More