High Energy Demand Keeps Prices Elevated in Tamil Nadu and Gujarat

Electricity consumption increased by about 11% in September. High power demand has kept electricity prices elevated in the short-term market, with day-ahead prices hovering above ₹7 per unit during the first half of October. States like Tamil Nadu and Gujarat continue to record high peak demand, with Gujarat's peak demand on October 24 being around 28.3 GW. Coal stocks at domestic coal-based power plants stood at 17.3 million tonnes as of October 24.

Sustained high power demand in Tamil Nadu and Gujarat is keeping energy prices elevated. This situation is tied to the national reliance on domestic coal reserves for power generation. The elevated prices in the short-term market reflect the high consumption levels across the states.