Insight
What rising Indian peak power prices signify
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 the following images and tables:
-
Evening peak and daytime prices on India Energy Exchange
What's included
This report contains:
Other reports you may be interested in
Insight
Metallurgical Coal Markets - The Fortnight Flash
Supply disruptions tighten market balances and push metallurgical coal prices to two-year highs.
$1,100
Market Report
Global wind power: mid-year review 2026
Wood Mackenzie reviews the global wind power market at the midpoint of 2026 to assess the development of key industry themes.
$5,990
Asset Report
Block 09-1 (Bach Ho/Rong)
The Bach Ho and Rong fields are located in the Cuu Long Basin and are operated by the Vietnamese/Russian joint venture Vietsovpetro.
$3,720
