The drop in electricity purchase rates in the spot market through energy exchanges is helping some State utilities and distribution companies meet their power requirement during the coronavirus lockdown situation.
Prabhajit Kumar Sarkar, MD & CEO, Power Exchange India Ltd (PXIL), said “they (discoms) are able to purchase power at the lower rates ruling now and supply during this troubled times and lockdown period.”
In a detailed conversation with BusinessLine, Sarkar said: “the discoms are able to buy power at lower prices ruling at the exchanges due to slackened demand and a fair price discovery. And some of the States are also sellers on the exchanges.”
