What rising Indian peak power prices signify

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12 September 2017

What rising Indian peak power prices signify

Report summary

India's power demand is surging post-monsoon, and supply shortfalls looms with declining coal stocks and dropping wind generation. Spot power prices on the India Energy Exchange hit a high of Rs 3.9/kWh in the week of September 4, the highest weekly price since October 2014. Evening peak prices has gone even higher reaching Rs 8/kWh (US$125/MWh) on September 12. Gujarat's state grid operator started to operate its CCGTs on LNG to reduce its power purchase costs. Other utilities which face difficulty passing through the higher costs could be resorting to load shedding. In this insight, we assess why India's power supply availability is at stress.

Table of contents

  • What's driving the recent price increases?
  • Why hasn't conventional generation responded?
  • Evening peak prices show a rising trend
  • Conclusion

Tables and charts

This report includes 1 images and tables including:

  • Evening peak and daytime prices on India Energy Exchange

What's included

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    What rising Indian peak power prices signify

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