IEX expects online price of electricity to weaken as fallout of coronavirus

While demand from industry and commerce has reduced owing to the lockdown, it has heightened in many other areas like domestic demand through work from home models

Indian Energy Exchange (IEX) anticipates a fall in online electricity prices as a fall-out of the outbreak of Covid-19 pandemic.

“The average price for March is currently at Rs 2.49 per unit and average price since March 22 at Rs 2.15 per unit. The company estimates that rates may continue to be on the lower side as the COVID situation unfolds. The utilities are urged to leverage current low costs to ensure that critical sectors like healthcare, public utilities, and businesses can ensure business continuity in the wake of COVID-19 and provide 24x7 power supply so that end-consumers do not