Kolkata: Increased power supplies from various sources, in comparison to demand, has subdued its prices at the exchanges over the last two months, India Ratings & Research has said in a recent release.
According to Ind-Ra, short-term power prices did not see any major movement during May 2019, as hydro generation remained strong due to a better snow season in FY19. Coal availability with thermal generators has also improved, with coal inventory increasing almost 99% year-on-year to 31.6 million tonnes (mt) in April 2019 (April 2018: 15.9mt). Coal production increased 1.0% year-on-year to 45.3mt in April 2019.
