Spot power prices at Exchange, which was hovering around ₹12 per unit amid the coal shortage situation, has eased over the last few days. According to experts, seasonal factors (cooler weather in parts of India) and pick up in wind energy generation would have an impact on the spot tariff.
The trading in power exchanges happen in 15 minute blocks and prices keep changing based on the demand.
According to data available on Indian Energy Exchange Ltd, market clearing price for May 12 was in the range of over ₹4 to ₹8 per unit for the region comprising Tamil Nadu, when compared to ₹12 per unit in most of the blocks on May 9. The Central Electricity Regulatory Commission has asked the power exchanges to cap prices at ₹12 per unit.
