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NSE Electricity Futures emerging as benchmark for India’s power market

In a recent reverse auction conducted by a major utility for the procurement of 50 million units (MUs) of Round-The-Clock (RTC) power for delivery between November 5 and November 30, 2025, the price discovered in the Term-Ahead Market (TAM) stood at Rs 3,231–3,233 per megawatt-hour (MWh).

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