After three months of decline, short-term power prices increased in September, mainly driven by higher demand and lower generation from renewables, said India Ratings and Research (Ind-Ra) in its report on Tuesday.
Ind-Ra in its October edition of credit news digest on India’s power sector highlighted the trends in the sector, with a focus on capacity addition, generation, transmission, merchant power, deficit, regulatory changes and recent rating actions.
According to the report in September 2018, short-term power prices rallied upwards to Rs 4.69/unit (over September 2017 rate of Rs 4.09/unit), post three months of decline, driven by a higher power demand, lower generation from wind capacities, and scanty rainfall and dry weather in some states in the second half of September 2018. Read more
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