The average market price of power traded on the India Energy Exchange Day Ahead Market (IEX DAM) fell to Rs 2.4 per unit (kilowatt hour) on Friday from a peak of Rs 16.4 per unit on October 11, with states rushing to the exchange to buy power as thermal power plants struggled to meet demand due to low coal stocks.
The average coal inventory across the nation’s thermal power plants has improved to seven days worth of stock from an average of four days in the first half of October, when a number of states including Punjab, Uttar Pradesh and Rajasthan imposed load shedding as thermal plants ran out of the dry fuel.
