Spot power prices to be around `4 per unit in May, June
New Delhi: Spot power prices in the country are unlikely to surge in the next two months and hover around Rs 4 per unit in view of availability renewables, mainly wind energy, experts say.
There were fears that the persistent shortage of coal at thermal power plants in the country may jack up spot power prices in the near term with the onset of summer.
"The spot power prices in the country would be around Rs 4 per unit in the next two month due to availability of wind energy due to progression of monsoon," a market expert said.
The average spot power price at the Indian Energy Exchange was Rs 4.01 per unit till April 27, 2018. It was Rs 4.01 in March as well, but was higher than Rs 3.22 in February this year.
The average price was around Rs 2.5 per unit in February and March 2017. But it was slightly up at Rs 2.7 in April last year. "Last year the peak power demand was around 159 GW, which at maximum level, can increase up to 165 GW this year in May and June. But that could be compensated over 34 GW installed wind power capacity," the expert added.