Power Exchange Prices Fall 31% in Oct-Nov due to Renewable Push

04 Dec 2024 CW Team

The decline in prices was attributed to a surge in renewable energy generation, particularly hydro and wind power, supported by favourable monsoon conditions. Improved fuel availability and government-led initiatives to increase sell liquidity on exchange platforms were also significant factors in stabilising prices.

The minimum prices in both markets saw a sharp decline. In the DAM, the minimum price for October-November 2024 plunged by 67 per cent to Rs 0.49 per unit, compared to Rs 1.50 per unit in the same period last year. The RTM minimum price also decreased by 14 per cent, falling to Rs 3.41 per unit from Rs 3.98 per unit. The maximum price in the DAM remained unchanged at Rs 10 per unit, while in the RTM, the peak price dropped by 38 per cent year-on-year to Rs 3.77 per unit from Rs 6.10 per unit.

The downward trend in prices accelerated during the third quarter of FY25, compared to the first half of the fiscal year. Between April and September, DAM prices had fallen by 12 per cent, and RTM prices by 13 per cent, indicating a sharper correction in Q3.

The price reduction was mainly credited to higher renewable energy generation, as favourable weather conditions increased hydro and wind power output, which boosted supply on the exchanges. Furthermore, sell liquidity on the platforms rose by 41 per cent year-on-year in the first half of FY25. This increase was driven by measures like selling surplus un-requisitioned power, better fuel availability, and improved operational efficiency of generating units.

These efforts, along with regulatory and policy interventions, helped maintain a competitive price environment on the exchanges.

The average price of electricity traded on India’s power exchanges during October-November 2024 fell by 31 per cent year-on-year to Rs 3.61 per unit in the Day-Ahead Market (DAM), down from Rs 5.23 per unit in the same period last year. Similarly, Real-Time Market (RTM) prices dropped by 29 per cent to Rs 3.59 per unit, compared to Rs 5.04 per unit a year ago, as per industry data. The decline in prices was attributed to a surge in renewable energy generation, particularly hydro and wind power, supported by favourable monsoon conditions. Improved fuel availability and government-led initiatives to increase sell liquidity on exchange platforms were also significant factors in stabilising prices. The minimum prices in both markets saw a sharp decline. In the DAM, the minimum price for October-November 2024 plunged by 67 per cent to Rs 0.49 per unit, compared to Rs 1.50 per unit in the same period last year. The RTM minimum price also decreased by 14 per cent, falling to Rs 3.41 per unit from Rs 3.98 per unit. The maximum price in the DAM remained unchanged at Rs 10 per unit, while in the RTM, the peak price dropped by 38 per cent year-on-year to Rs 3.77 per unit from Rs 6.10 per unit. The downward trend in prices accelerated during the third quarter of FY25, compared to the first half of the fiscal year. Between April and September, DAM prices had fallen by 12 per cent, and RTM prices by 13 per cent, indicating a sharper correction in Q3. The price reduction was mainly credited to higher renewable energy generation, as favourable weather conditions increased hydro and wind power output, which boosted supply on the exchanges. Furthermore, sell liquidity on the platforms rose by 41 per cent year-on-year in the first half of FY25. This increase was driven by measures like selling surplus un-requisitioned power, better fuel availability, and improved operational efficiency of generating units. These efforts, along with regulatory and policy interventions, helped maintain a competitive price environment on the exchanges.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..