Spike In Power Prices Due To Lower Generation,higher Demand


Spike In Power Prices Due To Lower Generation,higher Demand

Short-term power prices increased to Rs 4.69 per unit in September mainly due to higher demand and lower generation from renewable energy sources, pushing up commercial power trading volume by 40 percent, says a report.

According to a report by India Ratings, in September short-term power prices rallied upwards to Rs 4.69 per unit against Rs 4.09 per unit a year-ago, driven by a higher demand, lower generation from wind capacities, and scanty rainfall and dry weather in some states.

To meet the short-term power requirement, 5,725 million units were traded on the Indian Energy Exchange in September, up 40 per cent last year.

During the month, all-India energy requirements rose 7 percent and available energy increased 7.4 per cent y-o-y. Read more

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