News > Average power price on Indian Energy Exchange hits 13-year high in March
Average power price on Indian Energy Exchange hits 13-year high in March
Business Standard | 06/04/2022 08:58 PM | Click to read full article
The average power purchase price on India's largest electricity exchange, Indian Energy Exchange Ltd, surged in March to the highest level since April 2009, data on the company's website showed.
India's power regulator capped prices at 12 rupees ($0.1580) per kWh, saying in an order dated April 1 that "abnormally high prices" at power exchanges hurt consumers' interests and eroded buyers' confidence in the market.
