South seeing power price hikes owing to outages
Kolkata: Southern states are witnessing an increase in power prices at the exchange level owing to outages of transmission links connecting the region with the rest of India which have led to power line congestion. Coupled with outages of power generation units and increasing irrigation demand, the development has resulted in a failure to attain the desired “one nation, one price” for the past several days.
“Outage of around 800 mw of transmission lines connecting south India from west and east is pushing up prices for south India. Over the last 12 days power prices for delivery to the region have been higher by 4-5% over the national average price at the Indian Energy ExchangeNSE 0.39 % (IEX) and it is expected to continue till December 31,” said Rajesh K Mediratta, director, business development, IEX.
