Demand increases power prices by 7% in two days

<p>A 7.53% rise in power demand at the Indian Energy Exchange between Monday and Wednesday raised prices by 7% to Rs 4.08 per unit despite a 6% rise in supply. <br><br>Demand for power continued to be higher than supply during the evening peak – between 7 pm and 12 midnight, while supplies were higher than demand during the rest of the day except for a two-hours slot during early morning hours. Cumulative demand on Wednesday was 230.1 million units while supply offers were 244.24 million units. Trade for 178 million units was settled.</p><p>Highest price during the day was attained between 9 pm and 10 pm at Rs 7.99 per unit when demand increased 14% against Monday to 14.09 million units, while supplies increased 12.85% to 9.33 million units during the same period. Trade was settled for 9.2 million units. <br><br>Between 8 pm and 9 pm, price was settled at Rs 7.65 per unit when demand for power increased 13.4% while supply offers at 8.9 million units were 11.32% higher.</p><p><br>Between 7 pm and 8 pm, demand for power touched 11.45 million units while cumulative supply offer was9.25 million units. Demand increased 8.95% against Monday, while supplies increased 10% during the same period. Price for the slot was Rs 5.45 pe unit. <br><br>Referred from economic times</p><p> </p>