India's Spot Power Prices & Trends

15-minute Day-Ahead (DAM) and Real-Time Market (RTM) price dynamics, the solar duck curve, and price distributions from the Indian Energy Exchange (IEX).

Key Snapshot

August 2026

National Grid Intraday Spot Prices & Dispatch

15-minute generation mix and spot power price trajectory across 96 time blocks

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Source: Grid-India National Load Despatch Centre (NLDC) & Indian Energy Exchange (IEX).

Power Price Distribution

Frequency of 15-minute spot prices across price buckets (₹/kWh)

Percentage share of 15-minute clearing price intervals in each bucket across 2023–2026. Note: CERC revised the price ceiling from ₹12/kWh to ₹10/kWh in April 2023.

Solar Impact on Prices (Duck Curve)

Average daily profile: Shift in hourly spot prices (₹/kWh) across years

The mid-day price trough deepens annually as solar generation capacity expands across India.

15-Minute Spot Price Heatmap

Average price across all 96 time blocks. Color intensity indicates price bands.

< 2 ₹/kWh
2–4 ₹/kWh
4–6 ₹/kWh
6–8 ₹/kWh
8–12 ₹/kWh
Source: Grid-India & IEX (Spot prices represent Day-Ahead Market [DAM] & Real-Time Market [RTM]).