Electricity prices in the spot market declined by 32% on year in October owing to enhanced hydro, wind, and solar generation, combined with steady supply from coal-based plants.

As per data from the Indian Energy Exchange , market clearing price in the Day Ahead Market stood at Rs. 2.67/unit during October, down 32% from the same period last year. Similarly, prices in the Real Time Market stood at Rs 2.73/unit during last month, down 27.8% from October 2024.

“Enhanced hydro, wind, and solar generation, combined with steady supply from coal-based generation resulted in higher supply liquidity on the exchange platform, leading to a decline in DAM and RTM prices,” IEX said.

The decline in prices presented an opportunity for discoms and commercial & Industrial consumers to meet their dem

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