Power demand during March rose at the fastest pace in three months, with electricity shortages the worst since October due to soaring temperatures and a sharp uptick in economic activity
Average spot power price rose by 65% to Rs 4.06 per unit in March compared to the year-ago month at Indian Energy Exchange mainly due to increase in demand on account of rise in temperature
Attractive price continued to ensure significant savings to distribution companies and industries during this time.
The all India peak demand touched 162 GW on November 2, registering an increase of 9 per cent over November 2017
The average spot power price was highest at Rs 7.30 per unit during evening peak hours from 0600 PM to 1100 PM
A total of 3,108 MU was cleared, which is about 12% lower than the 3,524 MU traded in November and was almost equivalent to 3,095 MU traded in December 2016