You are here: Home » PTI Stories » National » News
Business Standard

Short-term power price down 19 pc in April

Business Finance

Press Trust of India  |  Kolkata 

The short-term power price was down 19.1 per cent to Rs 3.22/KWh in April this year compared to Rs 3.98/KWh, the price in the corresponding month of 2018, despite rise in energy demand by 6 per cent.

"Short term power price declined 19.1 per cent y-o-y despite energy demand increased by 6 per cent but energy supply rose by 6.2 per cent. The growth in supply was supported by higher hydro generation, which led to lower reliance on thermal generation," India Ratings said in a report.

With the improvement in coal inventory, the number of power stations with subcritical levels decreased to two in April 2019 from 28 in April 2018, it said.

Coal India had raised supplies to power plants and continued to offer additional coal to them through special dispensations, a Coal India official said.

The all-India electricity generation (excluding renewables) increased 5.3 per cent y-o-y to 108.9 billion units in April 2019 as thermal and hydro generation increased by 2 per cent and 48 per cent, respectively.

According to Indian Energy Exchange data, in April this year, 2,24,802 Renewable Energy Certificates (RECs) were traded on the exchnage registering, 71 per cent decline y-o-y, largely due to very low REC inventory.

It said the price of non-solar REC in April '19 was Rs 1,300, an increase of 30 per cent from Rs 1,001 in April '18.

While the price of solar REC stood at Rs 2,000 in April '19, it increased 100 per cent from Rs 1,000 in same month of 2018.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, June 03 2019. 14:50 IST