During the financial year 2023, the average cost of state electricity supplied in India was 7.11 Indian rupees per kilowatt-hour. Furthermore, that same year, the South Asian country was the third largest electricity producer in the world. Short-term transactions on the rise The electricity market in India has seen significant growth in short-term transactions and power exchange activity. During the fiscal year 2023, the volume of short-term electricity transactions exceeded 194 terawatt-hours, which marked a four percent increase from the previous year. During the same time, electricity transacted through power exchanges was approximately 103 terawatt-hours, the highest number ever recorded. These trends indicate a more dynamic and flexible electricity market across the country. Shift towards renewable energy In the fiscal year 2023, over 8.25 million Renewable Energy Certificates were traded on power exchanges, highlighting the country's commitment to sustainable energy sources. Moreover, India transitioned from being a net importer of electricity to a net exporter of electricity in 2023, exporting around 11 terawatt-hours. The shift shows the success of policies aimed at enhancing India's energy self-reliance and its potential as a regional power supplier. 

In the first quarter of 2024, the industrial electricity rate in India saw a marginal decrease to 0.12 U.S. dollars per kilowatt-hour. Previously, the rate had peaked at 0.13 U.S. dollars per kilowatt-hour during the second to fourth quarters of 2023.

India IN: Residential Electricity Price: USD per kWh data was reported at 0.220 USD/kWh in 2019. This stayed constant from the previous number of 0.220 USD/kWh for 2018. India IN: Residential Electricity Price: USD per kWh data is updated yearly, averaging 0.220 USD/kWh from Dec 2007 (Median) to 2019, with 13 observations. The data reached an all-time high of 0.240 USD/kWh in 2015 and a record low of 0.210 USD/kWh in 2009. India IN: Residential Electricity Price: USD per kWh data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: Non OECD Member: Annual.

At the end of fiscal year 2024, the Wholesale Price Index of electricity across India was 145. While there has be a constant increase in the Wholesale Price Index, the financial year 2020 marks a first decrease.

Have timely access to reliable Electricity price assessments in India:

• Electricity, industrial sector, India, including generation, transmission, and distribution costs, plus taxes (band consumption of 1,000-2,500 kVA)
• Electricity, household, India, for consumption from 101 up to 300 kWh/month

Each assessment includes Electricity price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

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India Electricity: Price: Maximum data was reported at 6.500 INR/kWh in Sep 2018. This stayed constant from the previous number of 6.500 INR/kWh for Aug 2018. India Electricity: Price: Maximum data is updated monthly, averaging 7.070 INR/kWh from Sep 2008 (Median) to Sep 2018, with 121 observations. The data reached an all-time high of 13.540 INR/kWh in Apr 2009 and a record low of 4.700 INR/kWh in Jul 2017. India Electricity: Price: Maximum data remains active status in CEIC and is reported by Central Electricity Regulatory Commission. The data is categorized under India Premium Database’s Energy Sector – Table IN.RBA001: Electricity: Overview.

Germany, Belgium, and Ireland had some of the highest household electricity prices worldwide, as of June 2024. At the time, German households were charged around 0.39 U.S. dollars per kilowatt-hour, while in Belgium, the price stood at 0.37 U.S. dollars per kilowatt-hour. By comparison, in Qatar, residents paid more than 10 times less. What is behind electricity prices? Electricity prices vary widely across the world and sometimes even within a country itself, depending on factors like infrastructure, geography, and politically determined taxes and levies. For example, in Denmark, Belgium, and Sweden, taxes constitute a significant portion of residential end-user electricity prices. Reliance on fossil fuel imports Meanwhile, thanks to their great crude oil and natural gas production output, countries like Iran, Qatar, and Russia enjoy some of the cheapest electricity prices in the world. Here, the average household pays less than 0.1 U.S. dollars per kilowatt-hour. In contrast, countries heavily reliant on fossil fuel imports for electricity generation are more vulnerable to market price fluctuations. The top importers of natural gas in Europe in 2023 were Germany and Italy, where this energy source constitutes a relevant share of the power mix.

India IN: Industry Electricity Price: USD per kWh data was reported at 0.390 USD/kWh in 2019. This records a decrease from the previous number of 0.400 USD/kWh for 2018. India IN: Industry Electricity Price: USD per kWh data is updated yearly, averaging 0.380 USD/kWh from Dec 2007 (Median) to 2019, with 13 observations. The data reached an all-time high of 0.400 USD/kWh in 2018 and a record low of 0.330 USD/kWh in 2010. India IN: Industry Electricity Price: USD per kWh data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.GGI: Environmental: Environmental Policy, Taxes and Transfers: Non OECD Member: Annual.

This dataset provides values for ELECTRICITY PRICE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In March 2024, industrial electricity prices in the European countries of Poland, Italy, and the United Kingdom were among the highest in the world, at over 0.40 U.S. dollars per kilowatt-hour. Singapore was the Asian country with the highest electricity bill worldwide at that time. Lowest electricity prices in the world The average retail electricity price in the United States was considerably lower than in most of Europe. Iceland was the European country with one of the lowest electricity bills for enterprises that month. At the bottom of the ranking were also Russia, Iraq, Qatar, Argentina, and Libya. In these countries, commercial electricity prices amounted to less than 0.1 U.S. dollars per kilowatt-hour. Household electricity prices In addition, European countries had the highest household electricity prices worldwide that month, with Italy at the top of the ranking. By comparison, Iran and Ethiopia had the lowest residential electricity prices in the world.

India Electricity: Price: Minimum data was reported at 3.010 INR/kWh in Sep 2018. This stayed constant from the previous number of 3.010 INR/kWh for Aug 2018. India Electricity: Price: Minimum data is updated monthly, averaging 2.500 INR/kWh from Sep 2008 (Median) to Sep 2018, with 121 observations. The data reached an all-time high of 3.230 INR/kWh in Apr 2011 and a record low of 0.020 INR/kWh in Oct 2016. India Electricity: Price: Minimum data remains active status in CEIC and is reported by Central Electricity Regulatory Commission. The data is categorized under India Premium Database’s Energy Sector – Table IN.RBA001: Electricity: Overview.

High Frequency Indicator: The dataset contains day-wise compiled data from the year 2008 to till date on total short-term electricity transactions performed and total power generated in India

Notes:

1. The Short Term Transactions of Electricity refers to the contracts of less than one year period for electricity transacted (inter-State) through inter-State Trading Licensees and also directly by the Distribution Licensees, Power Exchanges such as Indian Energy Exchange Ltd (IEX), Power Exchanges (PXs), Power Exchange India Ltd (PXIL), and Deviation Settlement Mechanism (DSM) and their subsidiaries
2. Bilateral Transaction means a transaction for exchange of energy (MWh) between a specified buyer and a specified seller, directly or through a trading licensee, from a specified point of injection to a specified point of drawal for a fixed or varying quantum of power (MW)
3. The Day-Ahead Energy Market (day-ahead market) is a financial market where market participants purchase and sell electric energy at financially binding day-ahead prices for the following day
4. The Green Day ahead market is a financial marked which enables participants to purchase electricity for the same day through intra-day contracts, for the next day through day-ahead contingency, on a daily basis for rolling seven days through daily contracts

Graph and download economic data for Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for India (INDCP040000IXNBQ) from Q1 2013 to Q1 2019 about water, fuels, electricity, India, gas, CPI, price index, indexes, and price.

Annual electricity production across India increased by 8.9 percent in fiscal year 2023. A provisional figure for the fiscal year 2024 indicated a production growth rate of almost seven percent, a decrease in India's electricity in comparison to the previous year.

India Consumer Price Index (CPI): Fuel and Light: Weights: Electricity data was reported at 2.260 % in Oct 2018. This stayed constant from the previous number of 2.260 % for Sep 2018. India Consumer Price Index (CPI): Fuel and Light: Weights: Electricity data is updated monthly, averaging 2.260 % from Jan 2014 (Median) to Oct 2018, with 58 observations. The data reached an all-time high of 2.260 % in Oct 2018 and a record low of 2.260 % in Oct 2018. India Consumer Price Index (CPI): Fuel and Light: Weights: Electricity data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under India Premium Database’s Inflation – Table IN.IA016: Consumer Price Index: 2012=100: Fuel and Light: Weights.

In financial year 2016, the WPI for commercial electricity across India was 142.2, which means it increased by about 42 percent from the base year of 2005. Of the total power consumption in fiscal year 2018, industrial sector accounted for the largest share, at about 48 percent, followed by domestic and agricultural sectors at 24 and 18 percent respectively. The transmission losses in electricity across the south Asian country stood at a little over 21 percent that year.

In financial year 2016, the WPI for industrial electricity across India was 162.6, which means it increased by about 63 percent from the base year of 2005. Of the total power consumption in fiscal year 2018, industrial sector accounted for the largest share, at about 48 percent, followed by domestic and agricultural sectors at 24 and 18 percent respectively. The transmission losses in electricity across the south Asian country stood at a little over 21 percent that year.

The Indian Data Center Power Market Report is Segmented by Power Infrastructure (Electrical Solutions (UPS Systems, Generators, Power Distribution Solutions (PDU, Switchgear, Critical Power Distribution, Transfer Switches, Remote Power Panels, and Other Power Distribution Solutions)) and Service) and End User (IT & Telecommunication, BFSI, Government, Media and Entertainment, and Other End Users). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

The Indian electricity supply meter market rose rapidly to $1.2B in 2023, growing by 10% against the previous year. The market value increased at an average annual rate of +3.6% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Electricity supply meter consumption peaked in 2023 and is expected to retain growth in the near future.

Graph and download economic data for Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for India (INDCP040000GPM) from Feb 2013 to May 2019 about water, fuels, electricity, India, gas, CPI, price index, indexes, and price.