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Short Term market prices spikes up due to low generation

<p><span style="font-size:11.0pt">Power prices at IEX in Day Ahead Market (DAM) has risen to record high of Rs. 17.61 per unit. It is due to fall in generation from wind and hydro both. Thermal and Hydro both supports the base load profile of country and generation from both has fallen cut short due to coal supply constraints and seasonal change. According to the Central Electricity Authority data, as many as 19 thermal plants had coal stocks of less than seven days of consumption. And around this time of year hydro also starts declining. To survive state of falling thermal generation when there is a need, government must focus on grappling issues of coal shortage and strengthen their coal mining wing and secure more coal mines noting that supply of the dry fuel to power plants was still a concern.</span></p>