+
Power prices fall 31% amid renewable push
POWER & RENEWABLE ENERGY

Power prices fall 31% amid renewable push

The average price of electricity traded on India’s power exchanges during October-November 2024 fell by 31 per cent year-on-year (YoY) 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 price drop was driven by 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.

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 while the RTM minimum price decreased by 14 per cent 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 YoY 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. Sell liquidity on the platforms rose by 41 per cent YoY in the first half of FY25 driven by measures like selling surplus unrequisitioned power, better fuel availability, and improved operational efficiency of generating units. Combined with regulatory and policy interventions, these measures 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 (YoY) 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 price drop was driven by 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. 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 while the RTM minimum price decreased by 14 per cent 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 YoY 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. Sell liquidity on the platforms rose by 41 per cent YoY in the first half of FY25 driven by measures like selling surplus unrequisitioned power, better fuel availability, and improved operational efficiency of generating units. Combined with regulatory and policy interventions, these measures helped maintain a competitive price environment on the exchanges.

Next Story
Infrastructure Urban

Revolt Motors Unveils ‘Azadi From Petrol’ Offer

To mark India’s 78th Independence Day, Revolt Motors, the country’s leading electric motorcycle brand, has introduced its special “Azadi From Petrol” offer, encouraging riders to break free from rising fuel costs and embrace smarter, sustainable mobility.Under this limited-period scheme, customers purchasing any Revolt electric motorcycle can enjoy benefits worth up to Rs 20 million. The package includes zero insurance fees, providing free coverage valued at up to Rs 7 million, along with cash savings of up to Rs 13 million.The initiative highlights Revolt’s mission to make electric ..

Next Story
Infrastructure Energy

Inox Green Signs 182 MW Wind O&M Deal

Inox Green Energy Services Ltd., one of India’s leading renewable energy operations and maintenance (O&M) providers, has signed an agreement with a major diversified Indian conglomerate for the comprehensive O&M of 182 MW of operational wind projects under its renewable energy division.Located across multiple sites in Western India, these projects are integrated with common infrastructure owned by Inox Green. The deal includes converting 82 MW of wind projects from limited-scope to comprehensive O&M, as well as renewing comprehensive O&M for another 100 MW well ahead of sched..

Next Story
Infrastructure Urban

MPL Q1 Profit Rises to Rs 144 Million

Manali Petrochemicals Limited (MPL), a leading petrochemical manufacturer and part of AM International, Singapore, has reported its unaudited consolidated financial results for the quarter ended 30 June 2025.The company posted a consolidated total income of Rs 2.43 billion for the quarter, up from Rs 2.38 billion in the preceding quarter ended 31 March 2025. Profit Before Tax (PBT) stood at Rs 200 million, compared to Rs 159 million in the previous quarter, while Profit After Tax (PAT) rose to Rs 144 million from Rs 108 million. For the full year ended 31 March 2025, MPL recorded a total incom..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?