Latest news with #Discoms
The Hindu
16 hours ago
- Business
- The Hindu
Spot electricity prices declined substantially in May, amid reduced demand: Indian Energy Exchange
Indian Energy Exchange (IEX), a leading electricity exchange platform, said spot prices declined substantially in May, amid reduced electricity demand driven by unseasonal rains and the early onset of the monsoon The Market Clearing Price in the Day Ahead Market (DAM) at ₹4.12/unit during May 2025, declined 22% year-on-year. Similarly, the Market Clearing Price in the Real Time Market (RTM) at ₹3.43/unit during May 2025, declined 28% year-on-year, IEX said in a statement. According to government data published in May 2025, the country's energy consumption stood at 148.7 billion units (BUs), marking a 4% decline compared to the previous year, it said. Also Read | Heatwaves drove 1/3rd of rise in India's power demand during 2024 summer: Report Unseasonal rains and the early onset of the monsoon kept temperatures lower than usual, leading to reduced electricity demand. Concurrently, increased hydro, wind, and thermal generation resulted in higher supply liquidity on the exchange platform which led to a substantial drop in DAM and RTM prices, IEX said. These prices presented an opportunity for Discoms and Commercial & Industrial consumers to meet their demand at a competitive price and to replace their costlier power by procuring through exchanges, it said. DAM volumes declined 20% to 3,510 million units (MU) in May 2025 from 4,371 MU in May 2024, while RTM reported the highest ever monthly traded volume. RTM volumes increased 42% to 4,770 MU in May 2025 from 3,352 MU in May 2024. Spot power prices in India dropped to zero on May 25 from 8AM to 1PM for the first time on May 25, amid weak demand, IIFL Capital said in a recent report Only 7% of India's electricity generation is traded through three power exchanges.
Business Standard
16 hours ago
- Business
- Business Standard
IEX achieves 14% YoY growth in electricity traded volume in May'25
Indian Energy Exchange achieved monthly electricity traded volume of 10,946 MU in May'25, marking a 14% increase on year-on-year basis. A total of 17.43lakh Renewable Energy Certificates were traded during the month, marking a 65% year on year increase. According to government data published in May 2025, the country's energy consumption stood at 148.7 BUs, marking a 4% decline compared to the previous year. Unseasonal rains and the early onset of the monsoon kept temperatures lower than usual, leading to reduced electricity demand. Concurrently, increased hydro, wind, and thermal generation resulted in higher supply liquidity on the exchange platform which led to a substantial drop in DAM and RTM prices. The Market Clearing Price in the Day Ahead Market at Rs 4.12/unit during May 2025, declined 22% year-on-year. Similarly, the Market clearing price in the Real Time Market at Rs 3.43/unit during May 2025, declined 28% year-on-year. These prices presented an opportunity for Discoms and Commercial & Industrial consumers to meet their demand at a competitive price and to replace their costlier power by procuring through exchanges. ELECTRICITY MARKET: DAY- AHEAD, TERM- AHEAD & REAL-TIME MARKET The Day-Ahead Market (DAM) achieved 3,510 MU volume in May'25 as compared to 4,371 MU volume in May'24, decline of 20% YoY. The Real-Time Electricity Market (RTM) reported highest ever monthly traded volume in May'25. The RTM volume increased to 4,770 MU in May'25, from 3,352 MU in May'24, registering an increase of 42% YoY. Day Ahead Contingency and Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 1,684 MU in May'25 as compared to 1,221 MU volume in May'24, an increase of 38%YoY. GREEN MARKET: GREEN DAY-AHEAD & GREEN TERM-AHEAD MARKET IEX Green Market, comprising the Green Day-Ahead and Green Term-Ahead Market segments, achieved 915 MU volume during May'25 as compared to 622 MU in May'24, registering an increase of 47 % YoY. The weighted average price in Green Day-Ahead Market (G-DAM) for May'25 was Rs 3.59/unit. A total of 17.43 lakh RECs were traded in the trading sessions held on 14th May'25 and 28th May'25, at a clearing price of Rs.345/REC and Rs. 349/REC respectively. REC traded volume in May'25 increased by 65% on YoY basis.
New Indian Express
28-05-2025
- Business
- New Indian Express
Discoms losses at all-India level witnessed decline in FY24
Discoms losses at the all-India level witnessed a decline in FY24 compared to FY23, led by higher tariffs and subsidy grants from state governments, according to a report by ICRA. The report also noted that the gap between the cost of supply and tariff realisation persists across most states. Moreover, the gross debt for state-owned Discoms witnessed a sharp increase to Rs 7.4 trillion as of March 2024 from Rs 6.6 trillion in March 2023, driven by debt availed to clear past dues to generators and to fund working capital and capex amid continued losses. "The tariff orders for FY2026 have been issued in 19 out of the 28 states as of May 25, reflecting moderate progress in the issuance of tariff orders," said Vikram V. 'Despite the loss-making operations of the Discoms, the tariff hikes approved for FY26 remain muted across most states, similar to FY2025.' The report also noted that India's power demand growth for FY26 is expected to be 5.0-5.5%, lower than the expectation for GDP growth for this fiscal (6.5%) due to the early onset of monsoon. The above-average rainfall will dampen demand for cooling as well as demand from the agriculture segment. According to the rating agency, the demand growth in FY2026 is expected to be higher than the 4.2% reported in FY25, but it is expected to trail the over 8.0% growth seen during FY2022-24.
Time of India
21-05-2025
- Climate
- Time of India
‘Real feel' heat rises to nearly 50°C in Delhi
SHAKING OFF THE HEAT NEW DELHI: The capital on Tuesday afternoon felt close to 50°C. Although the maximum temperature at Safdarjung was 41.8°C, the high humidity that the city has been experiencing meant that the heat index — the 'real feel' temperature that includes the impact of humidity — had zoomed to 49.6°C. The heat index has been steadily rising over the past days, increasing the risk ofheat-related illnesses. It stood at 48.5°C Monday, up from 43.6°C on the previous day. The sweltering heat led to a peak power demand of 7,401 MW at 3 pm, touching a season's high against 7,265 MW a day earlier. The highest ever peak demand was recorded on June 19, 2024, at 8,656 MW. Discoms estimate the demand is likely to touch 9,000 MW this season. IMD had expected light rain, thunderstorms and gusty winds towards late Tuesday evening. However, no such weather activity that could quickly cool down the region had occurred until 9pm. The humidity oscillated between 43% and 70%. The nights continued to be oppressively warm and humid, with the minimum temperature at Safdarjung recorded at 28.7 degrees Celsius, two notches above normal, the same as a day earlier. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Trend Lets Indians Access Benefits Up to ₹2,00,00,000 canewsasites Learn More Undo Among other areas, Palam and Pitampura at 42.5 degrees Celsius were the warmest in the city. Ayanagar recorded 42.2 degrees Celsius. According to IMD, excessive moisture feed from easterly winds under the influence of acyclonic circulation is expected to keep the humidity and discomfort level high this week, while also possibly leading to spells of thunderstorms and gusty winds till Thursday. 'There are chances of isolated thunderstorm activity, scattered light rain and dust-raising winds gusting up to 50 km/ hour until Thursday. Even after that, moisture content will remain high, meaning the maximum is not likely to rise too much," said an IMD official. A Met official stated that a combination of clear skies and moisture incursion can lead to the formation of convective clouds. On Wednesday and Thursday, Delhi's maximum is likely to hover between 38 and 40 degrees Celsius. Meanwhile, Delhi's AQI was 204 (poor) against 201 a day earlier.
The Hindu
15-05-2025
- Politics
- The Hindu
Sanction free power connection to every eligible farmer, A.P. Energy Minister Ravi Kumar tells officials
Energy Minister Gottipati Ravi Kumar held a review meeting with the CMDs of Discoms (distribution companies) at the Secretariat on Thursday, wherein the focus was on the sanction of agricultural power connections, interrupts in power supply, progress of PM Surya Ghar, and projects taken up under the Revamped Distribution Sector Scheme (RDSS). Mr. Ravi Kumar instructed the officials to resolve any issues that were impeding the sanction of agricultural power connections, the demand for which was growing, and told them to ensure that not even a single eligible farmer was deprived of the benefit of free power connection. Mr. Ravi Kumar told the officials to take all steps required to prevent unscheduled power cuts, and to give prior information about them to the public under unavoidable circumstances, and wanted pending power projects to be completed at the earliest. He told the CMDs to expedite the PM Surya Ghar programme and the RDSS projects. Central Discom CMD P. Pulla Reddy was present, and his counterparts I. Prudhvi Tej (EPDCL) and K. Santosh Rao (SPDCL) participated virtually.
