In the month of November 2018, the spot power price declined to ₹3.59 ($0.05)/kWh after soaring high in the past few months. The price of ₹3.59 ($0.05)/kWh is 1 percent higher than the spot power price of ₹3.55 (~$0.05)/kWh that was recorded in the same month last year.
In November 2018, the recorded spot power price was 40 percent less than the recorded spot power price of ₹5.94 (~$0.081)/kWh in October 2018. The decline was mainly on account of onset of winter leading to lower demand for power, especially in northern and western states of India. Also, the availability of coal with thermal power generators improved during the month.
Previously, Mercom reported that the inability to prepare for seasonal changes had led to high spot power prices and that the situation would change as coal mining would resume after the offset of monsoon. Read More