Av spot power price in March rose 102% YoY to Rs 8.23

Indian Energy Exchange on Wednesday said the average market clearing price at Rs 8.23 per unit on its day-ahead market in March was higher by 85% on MoM and 102% on a YoY basis.

The price increase was mainly on account of the early onset of the summer season leading to increased demand for power across all the states, and low generation from the imported coal and gas-based generators due to record high imported coal and gas prices, it said.