Spot Power Price Continued to Soar in October 2018 at ₹5.94/kWh


Spot Power Price Continued to Soar in October 2018 at ₹5.94/kWh

Maintaining its upward trend, India’s spot power prices soared in the month of October. This was the second month in a row which saw a reversal in the prevalent trend set during the previous months.

In October 2018, the recorded spot power price was ₹5.94 (~$0.081)/kWh, a 26 percent increase from the spot power price of ₹4.69 (~$0.063)/kWh recorded in September 2018.

Compared to October 2017, the spot power price increased by 46 percent, year-over-year (YoY), with the spot power price during the same time last year being ₹4.08 (~$0.056)/kWh.

According to the Indian Energy Exchange (IEX), pan India peak demand touched 171 GW, registering an increase of 10 percent over October 2017. In October 2018, total energy supplied was 113,995 million units (MU), an increase of 13 percent from 100,951 MU supplied in October 2017. Read More

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