{"id":343360,"date":"2020-03-25T11:17:18","date_gmt":"2020-03-25T05:47:18","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=343360"},"modified":"2020-03-25T11:17:18","modified_gmt":"2020-03-25T05:47:18","slug":"muted-demand-brings-spot-power-rates-to-low-levels","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/muted-demand-brings-spot-power-rates-to-low-levels\/","title":{"rendered":"Muted demand brings spot power rates to low levels"},"content":{"rendered":"<p>Lower power demand induced by coronavirus has driven down spot electricity prices with \u2018day ahead market\u2019 rates for March 25 delivery falling down to Rs 1.95\/unit. The spot power rate was Rs 3.3\/unit in the same day last year. The volume of spot power contracted for March 25 through the Indian Energy Exchange (IEX) is 77.5 million units (MU), 43% lower than last year\u2019s amount.<\/p>\n<p>The average clearing price at the Indian Energy Exchange (IEX) for the last 4 days is Rs 2.15\/unit. Due to dearth of demand, the volume of power offered for selling in the exchange was 2.5 times more than the bids to buy electricity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lower power demand induced by coronavirus has driven down spot electricity prices with \u2018day ahead market\u2019 rates for March 25 delivery falling down to Rs 1.95\/unit. The spot power rate was Rs 3.3\/unit in the same day last year. The volume of spot power contracted for March 25 through the Indian Energy Exchange (IEX) is 77.5 million units (MU), 43% lower than last year\u2019s amount. The average clearing price at the Indian Energy Exchange (IEX) for the last 4 days is Rs 2.15\/unit. Due to dearth of demand, the volume of power offered for selling in the exchange was 2.5 [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-343360","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=343360"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343360\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=343360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=343360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=343360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}