As cooler weather has eased power demand in the second half of October, spot electricity prices on the country’s power exchanges have moderated compared with September.

Between October 1 and 21, the average market clearing price (MCP) in the day-ahead market (DAM) fell 3% to Rs 7.6 per unit during October 1–21, from Rs 7.8 per unit in the corresponding period last month. In the real-time market (RTM), the average MCP declined by around 14% to Rs 6.7 per unit, from Rs 7.8 per unit over the same period, data from the Indian Energy Exchange (IEX) shows.

The moderation in prices coincided with a 23% rise in sell bids in the DAM segment and a 1% decline in buy bids compared with the corresponding period in September.…