Morning Megawatt 12 September 2017

Download Morning Megawatt 12 September 2017

Market Intelligence Summary

  • All-India RTC clearing price jumped another 2.7% to the highest level seen in more than two years of Rs 5.23/kWh. The price increased despite the fact that demand declined marginally and supply increased substantially. Cleared volume also jumped a massive 23%.  Concentration in buying increased even further with Telangana buying 40.1 MUs accounting for a fourth of the cleared volume. Just four states – Telangana, West Bengal, Bihar and Gujarat – accounted for nearly 75% of the procurement.
  • NORTHERN REGION: A 110 MW unit was revived in Punjab on 11 September. The unit had been shut earlier due to ‘coal mill problem.’ Punjab increased sales from 6.5 MUs to 15.4 MUs to become the second largest seller in the market. This may have contributed towards the rise prices.
  • WESTERN REGION: Jindal Power and multiple units of Adani Power maintained their sales quanta with Essar Mahan joining in.   
  • SOUTHERN REGION: Telangana did not report any major outage on 11 September or 12 September (up to 0600 hours). State’s thermal power plants have been operating at very high capacity; on 11 September the average generation was 82% of the installed capacity. Hydro power generation in the state has been extremely low this year. On 11 September, more solar power was generated than hydro power even though installed hydro capacity is twice that of solar capacity.
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