Wednesday, March 25, 2020

Covid-19 lockdown impact: Power demand drops as offices stay plugged out

The price discovered on the IEX Day Ahead Market for delivery on Wednesday was at ₹1.95 per unit. The spot power price hit a low of ₹1.90 per unit in June 2017 due to excessive rainfall. Sources said the closure of offices and factories, reduced buying by state distribution utilities and the Indian Railways stopping passenger services resulted in the slump.

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

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