Captive power producers face Covid-19 brunt as prices turn unviable

Executives from Indian Energy Exchange pointed out in July that volumes from CPPs went down drastically post March, in tandem with traded prices

The Covid-19 pandemic, followed by lockdowns that hit industrial and commercial activities, has drastically curtailed operations of captive power producers. Companies are finding that sale price on the energy exchanges is not viable even as their own captive demand is minimal.
 

Some large industries, including steel and cement, rely on their own captive power capacities to ensure steady supply for critical processes. Some of these companies also sell part of the power generated to the energy exchanges. 
 

Executives from Indian Energy Exchange (IEX), in July, pointed out that volumes from captive power plants went down drastically post March, in tandem