Average spot power price drops 54% to two-year low at IEX

The decline in prices was mainly on account of low demand for power, improved coal supply and improved hydro power generation. The market continued to be attractive to both the distribution utilities as well as the open access consumers in terms of price competitiveness and flexibility in power procurement, the IEX added.

from Energy-Industry-Economic Times https://ift.tt/2rgMorx