能源技術Business News

Home/Business News /Business News list
Widening demand-supply gap raises average prices by 24% on Monday
Source:Economic times From:Taiwan Trade Centre, Kolkata Update Time:2019/08/14
Widening

Monday’s average price at the Indian Energy Exchange rose almost 24.11% to Rs 3.57 per unit against previous Monday following widening gap between demand and supply. 

Maximum average price during a one-hour block was attained between 8pm-9pm slot, which saw average price for the hour touch Rs 8.32 per unit, 65.41% higher than on last Monday. 

Power is traded for 15 minutes slots. Hourly prices are the average of four 15 minutes slots calculated by the Exchange. 

Less than expected rainfall in large part of India resulted in increased demand for electricity to run air conditioners in urban clusters and increased demand in rural areas. It raised total demand by 9.49% to 164.94 million units on Monday against previous Monday. Supplies, however, declined 15.26% during the period to 245.57 million units. This raised average prices  are the average of four 15 minutes slots calculated by the Exchange. 

Less than expected rainfall in large part of India resulted in increased demand for electricity to run air conditioners in urban clusters and increased demand in rural areas. It raised total demand by 9.49% to 164.94 million units on Monday against previous Monday. Supplies, however, declined 15.26% during the period to 245.57 million units. This raised average prices by almost 24.11% to Rs 3.57 per unit. 
On Monday, although demand for power at the exchange between 7 pm and 12 midnight increased marginally, supplies declined substantially widening demand-supply gap leading to rising prices. 

For the 7 pm – 8pm slot, demand for power declined 5.38% to 9.06 million units in comparison to last Monday, however, it remained more than supply, which fell almost 22% to 7.24 million units against previous Monday. This increased prices for the slot by 28.58% to Rs 5.64 per unit against last Monday’ .. 

For the 8pm-9pm slot, demand for power fell 4.89%. However, supplies also fell 27.38% for the slot on Monday against previous Monday, widening the gap between demand and supply. Trade was settled for 6.49 million units, 26.41% less than previous Monday. Price settled for the slot was highest during the day at Rs 8.32 per unit, 65.41% higher than last Monday. 
Demand for power between 9pm and 10pm increased 2.29% to 10.9 million units while offer for sale at IEX declined 26.08%. Trade was settled for 6.85 million units, 24.31% less than previous Monday. Prices for the slot was Rs 8.23 per unit 69.85% higher than on last Monday 

For the 10 pm – 11 pm slot, utilities wanted to buy a total 11.40 million units, higher by 9.37% against previous Monday. Supplies declined almost 28% to 7.24 million units. Trade was settled for 7.03 million units, 21% less than on last Monday. Price for the slot was Rs 7.28 per unit almost 78.7% higher than previous Monday. Highest increase during the day. 

Demand for the 11 pm – 12 midnight slot was 10.71 million units, 12.13% higher than on last Monday. Sell bids, however, declined 2 27% to 7.69 million units. Trade was settled for 7.42 million units, lower by 9.56% than the previous Monday. Power was traded at Rs 5.26 million units, 53% higher than last Monday for the slot. 

 


Source:https://economictimes.indiatimes.com/industry/energy/power/marginal