In May 2018, spot power price spiked to ₹4.67 (~$0.0695)/kWh. May’s spot power price was ₹1.76 (~$0.0262)/kWh higher than the spot price recorded in May 2017, registering an increase of 60 percent from the same month last year. This is a result of an all India peak demand touching 170.9 GW in May 2018, about 6.2 percent more than the highest peak demand of 161 GW in May 2017, per National Load Despatch Centre (NLDC).