India witnessed an all-time high average price of ₹ 8.95 per unit for electricity traded on the exchange market, according to the India Energy Exchange (IEX). This high price for Tuesday delivery was on account of reasons such as higher demand from eastern, western and southern states, low availability of coal and reduced wind and hydropower generation.
Scanty rainfall and dry weather in the southern states led to only 241 million units (MUs) of electricity being offered to be supplied on the exchange as compared with a demand for 352 MUs.
Demand for electricity in the spot market is expected to climb further with the upcoming assembly elections in five states: Madhya Pradesh, Rajasthan, Telangana, Mizoram and Chhattisgarh. Read More