India's electricity spot price fell 3.5% MoM in August to INR3.34 ($0.05) per kWh. The Indian Energy Exchange (IEX) said all-India peak demand reached four billion GW on 10 August, a 1% MoM slip that was also seen in July. However, spot prices have risen 6.8% YoY due to heavy monsoon rains stoking demand. IEX’s day-ahead and term-ahead markets traded a combined 170 units in August, down 0.9% YoY.
India's electricity spot price fell 3.5% MoM in August to INR3.34 ($0.05) per kWh. The Indian Energy Exchange (IEX) said all-India peak demand reached 170 GW on 10 August, a 1% MoM slip that was also seen in July. However, spot prices have risen 6.8% YoY due to heavy monsoon rains stoking demand. IEX’s day-ahead and term-ahead markets traded a combined four billion units in August, down 0.9% YoY.