Average spot power price plunges 40% to Rs 3.59 per unit in November; here is the reason


Average spot power price plunges 40% to Rs 3.59 per unit in November; here is the reason

The average power spot prices dropped about 40% to Rs 3.59 per unit in the month of November on the energy exchange as compared with the last month. According to a statement by Indian Energy Exchange (IEX), lower demand in northern and western states, mainly on account of the onset of winter, was one of the key reasons for the decline in the prices.

The coal availability with thermal power generators improved in the month of November and ‘One Nation, One Price’ was realised for 17 days, it added.

“The average Market Clearing Price (MCP) at Rs 3.59 per unit registered 1.12% increase over Rs 3.55 per unit in the same month last year (November 2017),” Read More

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