Utilities & Power Equipment : 10 POWER points; A weekly roundup on power & utilities #32/FY26 by JM Financial Services Ltd
We have curated a list of 10 significant developments that occurred during the week 1–8 Nov’25, both within India and internationally, which may have implications for Indian utilities, including the renewable sector, in future.
1. Avg daily energy/ max peak demand during week was 4,018 MU (-3%YoY, -1% YTDFY26)/ 197 GW (-2% YoY, -3% YTDFY26).
2. WAvg MCP for the week was INR 3.3/kWh (vs. 2.8 last week) with daily avg buy/ sell/ traded volume of 273MU/ 821MU/ 195MU.
3. India generated over 38.3 BU of solar power in 3QCY25, a+20.4% YoY but -11% QoQ due to prolonged monsoon.
4. Rajasthan announced a 15% hike in tariffs paid to households for surplus power generated from rooftop solar plants to make it more attractive for homeowners (INR 2.71 to 3.26/unit for net metering; INR 3.04 to 3.65/unit for net billing).
5. Ministry of Power said there will not be any blanket cancellation of 44 GW of unsigned PPAs awarded by Renewable Energy Implementing Agencies (REIAs).
6. Central Electricity Regulatory Commission (CERC) proposes to reduce deviation tolerance band for wind from ±15 % to ±10 % and for solar from ±10 % to ±5 % for scheduling and dispatch of renewable power which is likely to increase capex requirement.
7. Indira Gandhi Centre for Atomic Research (IGCAR), Kalpakkam began loading fuel into the 500 MW Prototype Fast Breeder Reactor (PFBR), the country's most advanced and complex atomic power plant- the second reactor of its kind in the world.
8. Beginning July 2026, Australian government will progressively implement ‘Solar Sharer Offer’ program as per which all households will get at least 3 hours of free solar electricity daily.
9. China’s thermal coal price has climbed to its highest level of 2025 (10% mom), partly due to the trade truce with the US and Beijing’s softer stance on specifying a firm date for peaking coal use.
10. “India’s accelerated rollout of renewable energy capacity is placing stress on the power grid and contributing to higher electricity supply costs, amid a slower-than-expected rise in demand…”- Sh Ghanshyam Prasad, Chairperson, Central Electricity Authority (CEA)
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