Power tariff touched a fresh decade-high of Rs 18.20 per unit at the spot market on Wednesday as electricity demand mainly for evening hours continues to outstrip supply amid low wind and hydro energy production.
Coal shortage at independent thermal power plants and captive power plants has also affected supplies to the grid, forcing big power consumers to make a beeline at the exchange, according to sources.
A total of 268 MU (million units) were sold for supply on Thursday, the IEX data showed. In the DAM trading session concluded Wednesday at IEX, there were buy bids for 332 MU against sell bids for 288 MU.
“Spot power price for supply on Thursday touched 10-year high of Rs 18.20 per unit in spot trading on Indian Energy Exchange (IEX) on Wednesday. The average spot power price was also high at Rs 7.50 per unit at IEX on Wednesday,” a source said.