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Rains, surplus supply send power prices crashing

Mint Kolkata

|

May 26, 2025

Peak power demand fell to 215 GW on 24 May, compared to 220 GW or more recorded earlier in the month

- Rituraj Baruah

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.

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