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Rains, surplus supply send power prices crashing
Mint Mumbai
|May 26, 2025
Peak power demand fell to 215 GW on 24 May, compared to 220 GW or more recorded earlier in the month
Power prices in the Real-Time Market (RTM) on the Indian Energy Exchange (IEX) hit record lows on Sunday, driven by unseasonal rains that cut demand, and a rise in electricity supply.
On Sunday, RTM prices hovered near zero following overnight showers and thunderstorms in and around Delhi-NCR. On Thursday, the price for a single RTM block fell to an all-time low of 2 paise a unit before recovering.
On a year-on-year basis, average RTM power prices have fallen 22% to ₹3.69 per unit due to lower power demand.
This story is from the May 26, 2025 edition of Mint Mumbai.
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