New Delhi: India’s electricity demand plummeted this week as factories and offices were forced to close due to the Covid-19 lockdown. Peak demand touched a low of 135 GW on Sunday against an average of about 155 GW in March last year, pushing spot power prices on the Indian Energy ExchangeNSE 1.24 % (IEX) to a near-record low.
The price discovered on the IEX Day Ahead Market for delivery on Wednesday was at ₹1.95 per unit. The spot power price hit a low of ₹1.90 per unit in June 2017 due to excessive rainfall.
