Average spot power price likely to be ₹ 3.40 per unit in August

Average spot power price is likely to be around ₹ 3.40 per unit in August on account of higher supplies especially from hydro and wind energy segments. “The average spot power price will be lower at around ₹ 3.40 per unit in August. During this month, the demand has come down substantially. Moreover, supplies from hydro and wind energy (in Gujarat and Tamil Nadu) have increased,” a power sector expert said.

“The peak power demand on August 8 was 158 gigawatt (GW). This would not go beyond 165 GW this month. In July, peak power demand was 175 GW in the country,” the expert said.