Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Spot power prices down 50% in May
Financial Express Chennai
|May 07, 2025
ELECTRICITY PRICES IN the spot market declined by as much as 50% during the first five days of May as unseasonal rains, particularly in the North, reduced power demand while sell bids increased substantially, according to data from the Indian Energy Exchange.
According to the data by IEX, electricity consumption during May 1-May 5 stood at 23.5 billion
This story is from the May 07, 2025 edition of Financial Express Chennai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Chennai
Financial Express Chennai
Oil shock deepens on tanker squeeze
A 50% COLLAPSE in available tanker capacity, a 130 million-barrel logistics gap, and a 14.5 million barrels per day (mbpd) disruption—equivalent to 57% of Gulf output—are emerging as the biggest barriers to restoring global oil supply, even as markets look beyond immediate geopolitical tensions, reports Saurav Anand.
1 mins
April 27, 2026
Financial Express Chennai
Mythos risks spread beyond banks
Experts warn legacy systems across energy, telecom, manufacturing and utilities could be exposed faster as AI accelerates attacks
3 mins
April 27, 2026
Financial Express Chennai
Oil shock deepens on tanker squeeze
A 50% COLLAPSE in available tanker capacity, a 130 million-barrel logistics gap, and a 14.5 million barrels per day (mbpd) disruption—equivalent to 57% of Gulf output—are emerging as the biggest barriers to restoring global oil supply, even as markets look beyond immediate geopolitical tensions, reports Saurav Anand.
1 mins
April 27, 2026
Financial Express Chennai
Factory reset works
REWIRING INDUSTRIAL PROCUREMENT AROUND RELIABILITY, NOT DISCOVERY — BUILT FROM FACTORY-FLOOR INSIGHT AND SCALED THROUGH EXECUTION
2 mins
April 27, 2026
Financial Express Chennai
ChatGPT vs Claude? The real AI action is elsewhere
WITH EVERYONE'S ATTENTION fixed on chatbots like ChatGPT and Claude, it’s been easy to overlook the growth of another field of AI: world models.
2 mins
April 27, 2026
Financial Express Chennai
‘Space remains for response if growth significantly slows’
High-frequency indicators still point to resilience, but policy action will hinge on whether supply shocks spill into broader inflation, MPC Member Saugata Bhattacharya tells Kshipra Petkar.
2 mins
April 27, 2026
Financial Express Chennai
DeepSeek bets on new AI model
DEEPSEEK ROLLED OUT preview versions of a new flagship AI model a year after upending Silicon Valley, calling it the most powerful open-source platform in a challenge to rivals from OpenAI to Anthropic. The Chinese startup unveiled the V4 Flash and V4 Pro series, touting top-tier performance in coding benchmarks and big advancements in reasoning and agentic tasks.
1 min
April 27, 2026
Financial Express Chennai
Facing the heat
POND'S SUNSCREEN CAMPAIGN RECEIVED MUCH PRAISE BUT ALSO RAISED QUESTIONS ABOUT PURPOSE-WASHING
3 mins
April 27, 2026
Financial Express Chennai
Govt to tap city-level data of labour force
THE MINISTRY OF Statistics and Programme Implementation (MoSPI) has proposed development and annual dissemination of dedicated statistical reports for the country’s cities with population above one million.
1 min
April 27, 2026
Financial Express Chennai
The economist who prefers quiet arithmetic to loud politics
A CONTRARIAN ECONOMIST BRINGS FISCAL DISCIPLINE, EMPIRICAL RIGOUR AND A SCEPTICISM OF EASY POPULISM TO THE POLICY TABLE
3 mins
April 27, 2026
Listen
Translate
Change font size