New Delhi: Average power purchase price on India’s largest electricity exchange, Indian Energy Exchange LimitedIt rose in March to an all-time high since April 2009, as shown on the company’s website, reflecting a sharp increase in electricity demand.
Electricity demand grew at the fastest pace in three months during March, the worst since October due to low temperatures and a sharp increase in economic activity.
The data shows that the number of buy bids, reflecting demand on the market on a day-to-day basis, exceeds sell bids, indicating supply, by 35%, pushing the average purchase price to Rs 8.23 ($0.1087) per kilowatt hour (US). kWh), which is more than double. Average price in March 2021.
India’s electricity regulator said in an order on April 1 that the prices, at Rs 12 ($0.1580) per kWh, “abnormally high prices” at electricity exchanges hurt consumers’ interest and undermine buyer’s confidence in the market. .
India’s electricity demand is expected to increase further in summer, after weather officials forecast above-normal temperatures in April for most parts of the northwest, northeast and central regions.
Electricity demand grew at the fastest pace in three months during March, the worst since October due to low temperatures and a sharp increase in economic activity.
The data shows that the number of buy bids, reflecting demand on the market on a day-to-day basis, exceeds sell bids, indicating supply, by 35%, pushing the average purchase price to Rs 8.23 ($0.1087) per kilowatt hour (US). kWh), which is more than double. Average price in March 2021.
India’s electricity regulator said in an order on April 1 that the prices, at Rs 12 ($0.1580) per kWh, “abnormally high prices” at electricity exchanges hurt consumers’ interest and undermine buyer’s confidence in the market. .
India’s electricity demand is expected to increase further in summer, after weather officials forecast above-normal temperatures in April for most parts of the northwest, northeast and central regions.