(ET)
Power prices at the Indian Energy Exchange rose Rs 1.16 per unit or almost 50%, during the last five days on the back of a near 60% rise in demand propelled by increased buy bids from South India. Some states have been asked to supply power 24×7 leading to increased buying from the exchange. Power prices during the 9 pm – 10 pm slot was highest on Thursday during the week at Rs 7.45 per unit as demand outstripped supply by almost 25% for the slot. Average market price on Sunday was Rs 2.41 per unit which inched up to Rs 3.57 per unit during the week. Demand for power was 119.57 million units on Sunday which shot up to 190.23 million units during the week. According to IEX executives, demand from states like Andhra Pradesh, Kerala, Telengana and Tamil Nadu has resulted in the surge in prices. Tamil Nadu, the executive said, registered the highest demand among southern states.
