Power prices increase between 12.76% and 16.39% during night peak at the Indian Energy Exchange
KOLKATA: Power prices at the Indian Energy ExchangeNSE 1.80 % increased between 12.76% and 16.39% during the night peak period (8 pm-12 midnight) on Wednesday as supply offers fell short of increased demand.
On Wednesday, trade for supplies between 8 pm and 9 pm was settled at Rs 5.81 per unit – 15% more than on Tuesday. Demand for power during the slot increased 18.69% while offer for sale increased 13.56% only increasing the gap between demand and supply. Utilities offered to purchase 12 million units while generators offered to sell 10.01 million units. Trade was settled for 9.86 million units keeping demand for 3.03 million units unmet.
