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Spot Power Price Continues to Soar Four Months in a Row, Hovers at ₹3.34/kWh in May 2019

In May 2019, the spot power price rose to 𔜽.34 (~$0.048)/kWh, making it the fourth consecutive month in 2019 in which spot power price has continued its rise.In April 2019, the spot power price was 𔜽.22 (~$0.0464)/kWh. Month over month, the spot power price rose by 𔜺.12 (~$0.00173)/kWh. On a year over year basis however, the spot power price has declined by 29% with May 2018 recording 𔜾.67/kWh.According to the national load despatch center (NLDC) data, the pan India peak demand met during May 2019 reached a new high of 183 GW, registering 7% increase when compared with May 2018, in which it was 171 GW. This was also 6.2 GW more than the 176.8 GW of peak demand met in April 2019.On an all India basis, the energy suppl.....

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