INSUBCONTINENT EXCLUSIVE:
Kolkata: Spurt in demand from Gujarat, Tamil Nadu, Uttar Pradesh and Odisha have increased average power prices at the Indian Energy
Exchange to Rs 4.38 per unit for Saturday supplies -- highest during the last 31 days
between 9 pm and 10 pm touched Rs 8.83 per unit, 82% higher than the price for the same slot traded for Wednesday supplies
Demand for power was 14.61 million units, 49% higher than on Wednesday while total supply offer was 8.6 million units, 10.6% less during the
corresponding period last Wednesday
Increased demand as well as reduced supply offers widened the gap to 6 million units which was marginal on Wednesday.
Total power demand for
Saturday at the IEX was 255.49 million units, 9.82 million units higher than supplies which totalled 265.31 million units for the day
Demand and supply offers were 42% more and 6% less than on Wednesday
Increased demand from certain states on account of heat and lower supplies raised prices for the day.
Demand exceeded supply between 7 pm
For supplies on Saturday between 7 pm and 8 pm, demand was 11.75 million units or 29% more than on Wednesday
Supply offer at 9.04 million units was 8% less than on Wednesday raising prices by 45.5% to Rs 5.87 per unit.
Between 8 pm and 9 pm,
utilities wanted to buy 13.07 million units of power which was 31% higher than on Wednesday
Supply offers for this slot was 8.67 million units or 9.75% lower than on Wednesday
Saturday and Wednesday was during the 10 pm to 11 pm slot when utilities wanted to buy 14.93 million units, or 53.6% more than on
Supply offers declined 7.84% to 8.91 million units
between 11 pm and 12 midnight on Saturday, utilities wanted to buy 13.68 million units, 47.27% higher than on Wednesday
Demand was higher than supply offers by 4.44 million units when generators offered to supply 9.24 million units, or 4% less than on
