New Spot Prices Rs.4/unit

Solar Farm

The pot prices in the country are expected to hover around Rs.4 per unit in the country and are unlikely to surge in coming two months in the country according to the renewable availability mainly wind experts infer.

The peak demand last year was around 159 GW, which can shoot up to 165 GW this year in May and June. 35 GW of them would be met by the installed wind power. Weather is favorable for wind generation in May and June that helps to get an optimum generation in these months. The solar generation is maximum in the May and June. Solar Capacity has crossed 22 GW mark that would generate 5 GW at 20 percent efficiency.

The surge of spot power prices will continue to scare the consumers as the supply of coal will reduce during the rainy season from July. When mining the coal will be affected. About 27 Thermal power plants of the 114 Thermal power plants are suffering from a scarcity of coal according to Central Electricity Authority(CEA). The average plant load factor(PFL) was 55.32% in 2017-18, 55.73 in 2016-17 and 60.49 in 2015-16 according to the power ministry.

At the Indian Energy Exchange, the average spot power price was Rs.4.01 per unit until April 27, 2018. It was Rs.4.01 in March, but was higher than the Rs.3.22 in February 2018. The prices were around Rs. 2.5 per unit in February and March 2017.

Source: The Hindu

A group of tech enthusiasts who are tracking latest developments in CleanTech with special focus on Energy Storage and Electric Mobility

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A group of tech enthusiasts who are tracking latest developments in CleanTech with special focus on Energy Storage and Electric Mobility

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