Average spot power price has increased over 10 per cent in May to Rs 2.83 per unit compared to same month a year ago at Indian Energy Exchange (IEX) due to low base effect.
The average market clearing price was Rs 2.57 per unit in day ahead market (DAM) in May 2020, as per the IEX data.
The average spot power price in DAM at IEX was Rs 3.34 per unit in May, 2019.
According to the power ministry data, electricity consumption had slumped nearly 15 per cent in May 2020 due to lower commercial and industrial demand and showed impact of lockdown restrictions.
This year also, many states imposed lockdown restrictions to contain spread of COVID-19 amid its second wave in May. Besides, two cyclones last month also affected power consumption.
