Power update: April 23
Key comments:
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Major reason for the decline in the price as compared to the last year was an improved supply-side scenario leading to increased liquidity, as well as cooler weather conditions. Sell-side liquidity improved on the Exchange due to Government initiatives to ensure adequate power
supply during this summer season, including gas-based thermal power that was made available on the exchange. -
Lesser power demand in many states as they witnessed unprecedented rainfalls.
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