Rising Power Prices…a boom for Solar Power Projects

Rising Power Prices…………a boom for Solar Power Projects

Average Power Prices at the Indian Energy Exchange (IEX), which trades more than 90% of the country's power, have more than trebled due to a delayed monsoon and soaring demand.

Average prices have crossed the Rs. 6 per power unit mark on June 8 in all regions except south India where it is more.

The average price in southern India, which mostly remains above that in the rest of India, have, in fact, almost touched Rs. 8 per power unit in last six days. In South India prices had touched Rs. 19 per power unit for electricity bought between 6 pm and 7 pm on July 20.

Prices are higher in Southern sates since the region does not have adequate power wheeling capacity to transport electricity from other parts of the country.

In the rest of India, barring the southern states, average price reached Rs. 7.70 per power unit for supply during the evenings.

This week, national shortfall has been hovering between 13,000 mw and 14,000 mw every day. Punjab, Haryana and Uttar Pradesh have witnessed daily shortfalls of 2,500 mw, 2,000 mw and 1,600 mw, respectively. The western region is seeing shortfall of about 3,000 mw every day due to lack of rain.

Authored by :

CA Yogesh
Director
BWPM Co.

visit us at : www.Yogesh-CA.blogspot.com