Energy

Power tariffs soar to 10-year high of Rs 17.61 per unit, says report

Updated : October 01, 2018 11:45 AM IST

Spot power price for supply touched almost 10-year high of Rs 17.61 per unit in spot trading on Indian Energy Exchange (IEX) on Sunday.

The prices have been soaring for the past one week.

Power tariffs soar to 10-year high of Rs 17.61 per unit, says report

Amid low hydro and wind energy production and coal shortage in the thermal plants, the power tariffs touched a 10-year high of Rs 17.61 per unit on Sunday, The Economic Times reported.

"Spot power price for supply touched almost 10-year high of Rs 17.61 per unit in spot trading on Indian Energy Exchange (IEX) on Sunday. The average spot power price was also high at Rs 7.64 per unit at IEX on Sunday," the report said, citing sources.

The prices have been soaring for the past one week, with the prices touching about Rs 14.09 per unit last Sunday. The spot prices further rose on Friday to reach a nine-year high of Rs 16.49 per unit in the day, the report said, adding that the previous high was recorded at Rs 17 per unit in August 2009.

According to IEX, a total of 271 MU (million units) were sold for supply on Monday, the report said, adding that there were buy bids for 306 MU against sell bids for 357 MU.

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