DelhiDesk The price of electricity on Indian Energy Exchange has fallen in the first week of May as temperatures have eased. Data from the exchange shows that the average price in the day-ahead market was over 5 kWh/unit in April, but has fallen to around 3 per kWh so far in May. The drop in prices has been due to cooler weather conditions and widespread rainfall, which has led to a reduction in peak power demand. However, experts predict that rising temperatures will lead to an increase in demand going forward.
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👉 The price of electricity on the exchanges has declined in the first week of May in tandem with easing temperatures.
👉 The average price in the day-ahead market in April was above 5 kWh/unit in April while so far in May, it has been around 3 per kWh.
👉 The fall in prices comes on the back of the recent cooling of temperatures amid rainfall in parts of the country.
👉 Peak power demand has come down from the near-record levels reached in April to well below the 200 GW mark.
👉 The overall electricity demand dropped by around 2% in April from the year-ago month.
👉 Ample rains last month also freed up the need for coal at power plants to meet the imminent increase in power demand.
👉 However, going ahead, rising temperatures means power demand is expected to rise, sector experts said.
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