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Mint Explainer: High power demand and the need to blend imported coal
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₹10 per kilowatt hour unit price cap in the first four days of September. On Thursday, the market clearing price stood at ₹6.48, higher than ₹4.59 per unit on Wednesday.
As demand eases, prices are likely to soften going ahead. Peak demand currently hovers at 200 GW, and is unlikely to rise hit fresh highs, according to senior officials.
Demand is largely likely to be manageable going ahead. At the start of 2023, the Centre had announced a number of steps to meet the rising power demand.
Last month, the power ministry also asked imported coal-based (ICB) power plants to operate at full capacity till the end of October. The original directive on this was issued in February when ICB plants were asked to run at full capacity till 15 June.
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