Coronavirus impact: Spot power demand falls 40% on closure of malls, markets, offices

Kolkata: Spot power demand has fallen almost 40% leading to a 30% drop in rates since Thursday as big consumers like malls, markets and offices are being shut to combat the spread of coronavirus.

Prices at the India Energy Exchange have fallen to Rs 2 as demand was much lower than the supply offered in the spot market.

Total demand in the second and third week of March fell almost 3% year-on-year, according to data collated by the National Load Despatch Centre. Demand had risen in January and February.