Power prices feel the heat on high demand; plants have enough coal
Electricity prices on the trading exchanges increased over the last week, indicating higher demand as temperatures spiked in most parts of the country. Power plants reported adequate coal stocks.
The month started with ₹2.8 a unit on the IEX in the day-ahead market, increased to ₹6 on May 12, and then to ₹6.7 per unit on May 18, as the mercury rose over the period.
The average price in May so far has been ₹4.7 a unit compared, lower than the ₹6.4 per unit in the same period last year. This is despite the ‘maximum demand met’ touching an all-time high of 221 GW on May 17.
