Electricity Price in India Surges 25.7% to USD 74.43/mwh
Record peak demand and falling coal and hydropower availability have driven India electricity prices to USD 74.43/mwh, up 25.7% on the week.
Electricity in India was quoted at USD 74.43/mwh as of 2026-10-01, a weekly rise of 25.7% from USD 59.22/mwh on 2026-09-24. The month-on-month change was -2.5% from USD 76.37/mwh on 2026-09-01, while the quarter-on-quarter change was +113.1% from USD 34.93/mwh on 2026-07-03. The 52-week high stands at USD 91.01/mwh on 2026-09-16 and the 52-week low at USD 31.83/mwh on 2026-07-06.
According to The Economic Times on 2026-10-01, India's peak power demand reached a record 269 GW in September, driven by cooling and irrigation needs amid a deficit monsoon.
The Indian Express reported on 2026-09-29 that hydropower generation fell 15.5% in September compared with the previous year because of deficient rainfall. The same source reported that coal stocks at domestic power plants declined 24% during September, leaving nearly 40% of plants with critically low fuel.
Reuters reported on 2026-09-26 that the government ordered 112 captive coal-fired power plants to operate at maximum capacity from October 1 through year-end. Reuters also reported on 2026-09-17 that imported coal prices from Indonesia, Russia, and South Africa rose between 14% and 20% since May.