Tag: Power Trading at IEX
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India: Spot electricity prices shoot up on power supply woes
Gradual rise in power demand, coupled with shortfall in supply, has led to a surge in electricity prices in the spot market. Average power prices on the day-ahead-market increased 72% m-o-m to INR 5.06/unit in Aug’21 compared with INR 2.95/unit in Jul’21, as reported by the Indian Energy Exchange (IEX). On a y-o-y basis, prices…