A 26% fall in power demand at the Indian Energy ExchangeNSE -0.14 % over the last seven days pulled down prices by almost 23% to Rs 2.34 per unit. This was triggered by intermittent rainfall in various regions including metro cities.
Demand for power at the Exchange was 13.51 million units last Saturday. It dropped to 9.97 million units today. Sell bids on the other hand increased 31.62% to 34.34 million units bringing down prices from Rs 3.03 per unit last Saturday to Rs 2.34 per unit.
For entire period, total purchase bids were 95.68 million units, while sell bids were 252 million units. Some 86 million units of power were successfully traded and placed for delivery. Power volume cleared for trading gradually declined over the period. During the period it fell 18%.
