LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Power tariff soars to a decade high of Rs 18/unit in spot market

Power tariff touched a decade high of Rs 18 per unit in the spot market on Tuesday due to low hydro and wind energy production and coal shortage at thermal plants.  

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Power tariff soars to a decade high of Rs 18/unit in spot market
Power tariff touched a decade high of Rs 18 per unit in the spot market on Tuesday due to low hydro and wind energy production and coal shortage at thermal plants. Image source: DNA
Written By: PTI
Updated: Wed, Oct 03, 2018
08:49 am
PTI
RELATED NEWS
Electricity tariff hiked in Karnataka after election day Electricity tariff hiked in Karnataka after election day
Adani Power may have to write down Rs 3,500 crore after SC order on compensatory tariff: Report Adani Power may have to write down Rs 3,500 crore after SC order on compensatory tariff: Report
Adani, Tata Power shares plunge on Supreme Court's decision over compensatory tariff Adani, Tata Power shares plunge on Supreme Court's decision over compensatory tariff
CIL's coal price hike to push power tariff by 8-10%, says Tata Power  CIL's coal price hike to push power tariff by 8-10%, says Tata Power

Power tariff touched a decade high of Rs 18 per unit in the spot market on Tuesday due to low hydro and wind energy production and coal shortage at thermal plants.

"Spot power price for supply on Wednesday touched 10-year high of Rs 18 per unit in spot trading on Indian Energy Exchange (IEX) on Tuesday. The average spot power price was also high at Rs 7.12 per unit at IEX on Tuesday," a source said.

The power price have seen an upward trend in the day ahead market (DAM) at IEX since September 23 when it touched to a high of Rs 14.09 per unit. The prices soared further to hit a nine-year high of Rs 16.49 per unit in the day ahead market on September 28. The spot power rate touched another high of Rs 17.61 per unit in trading at IEX on Sunday for supply on Monday.

According to the IEX data, the previous high was recorded at Rs 17 per unit in August 2009.

A total of 274 MU (million units) were sold for supply on Wednesday. In the DAM trading session concluded Tuesday at IEX, there were buy bids for 312cMU against sell bids for 322 MU.

Power Secretary A K Bhalla last week said that around this time of the year wind energy suddenly goes down and hydro also starts declining that is where some constraints always come in.

"We were not able to build coal stocks in power plants especially in northern states," he had said.

The source said captive power plants (CPPs) were grappling with the issue of coal shortage and were unable to meet the in-house demand of industries like steel, aluminium and cement, forcing them to buy power from the exchange. 

CPPs generate electricity for their own manufacturing facilities like steel, cement and others.

According to the Central Electricity Authority data, as many as 19 thermal plants had coal stocks of less than seven days of consumption as on September 27.

Last Thursday, Power Minister R K Singh had asked state power generators like NTPC and DVC to strengthen their coal mining wing and secure more coal mines noting that supply of the dry fuel to power plants was still a concern.  

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Power Tariff
RELATED NEWS
Electricity tariff hiked in Karnataka after election day Electricity tariff hiked in Karnataka after election day
Adani Power may have to write down Rs 3,500 crore after SC order on compensatory tariff: Report Adani Power may have to write down Rs 3,500 crore after SC order on compensatory tariff: Report
Adani, Tata Power shares plunge on Supreme Court's decision over compensatory tariff Adani, Tata Power shares plunge on Supreme Court's decision over compensatory tariff
CIL's coal price hike to push power tariff by 8-10%, says Tata Power  CIL's coal price hike to push power tariff by 8-10%, says Tata Power

LATEST NEWS

Gold price today and much more: Consolidation likely in Rs 45200- Rs 46200 levels - Latest updates by ICICI Securities

MTAR Technologies IPO Review: Invest for BIG listing gains and long term view, Market Guru Anil Singhvi says - know about valuations, risks

Patient dies after receiving AstraZeneca vax in S.Korea

PAN Aadhaar Link: Last date is fast approaching! Failing to do this may lead to Rs 10,000 penalty

7th Pay Commission latest news today: DA hike, DR benefit, arrears, ease in LTC — updates that central government employees just cannot miss

7th Pay Commission latest news today: Central government employees alert! This premium is part of your allowance

Hero MotoCorp shares rise nearly 4 pc as sales rise in Feb

PM Kisan Samman Nidhi 8th installment: Know when Rs 6,000 amount will be credited into your account-Steps to check your name, transaction details in beneficiaries list

'Special Picks' with Anil Singhvi: Cochin Shipyard is a 'must' buy, say these analysts-check price targets

Bonanza Portfolio highlights trading strategy in Big Bulls Rakesh Jhunjhunwala recent pick during Covid Lockdown

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved