Price of traded power during Sunday’s blackout crashes to 69 paise per unit
New Delhi: The expected fall in India’s electricity demand at 9 pm on Sunday has resulted in a price crash for the particular time slot on the power exchange market.
According to data collated by the Indian Energy Exchange (IEX), power demand has come down, resulting in a price of 69 paise per unit for electricity traded for the 9 pm to 9.15 pm time slot for 5 April delivery. In comparison, the price per unit of electricity for the same time period for Saturday (4 April) was ₹2.90 per unit.
A day has a total of 96 trading blocks of 15 minutes each.
Mint reported on Saturday how Prime Minister Narendra Modi’s call for switching off lights for 9 minutes at 9 pm on Sunday could result in an electricity load reduction of around 13 giga watts (GW) on India’s power grid, with current lighting load estimated at be 11,344 mega watt (MW).
