Average spot power prices drop as rains bring relief across states

Widespread rains dampening electricity demand and operationalisation of more imported coal-based generation units by Tata Power NSE 13.95 % and Adani Power NSE 10.00 % led to decline in average spot power prices by nearly three-fourths, signalling relief from the coal crisis in the country.

The total coal stock at power houses rose to 7.5 million tonnes on Sunday from 7.28 million tonnes on October 9, according to people aware of the matter. More than 3,500 MW power was surplus in various time blocks on the day-ahead market of Indian Energy Exchange NSE 0.18 %. Most states, except Rajasthan, reported no outages but all of them said the situation remained critical.