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Commodity News Details
Electricity Futures correct after recent surge
17-Mar-2026 12:15
Electricity Futures contracts on MCX are falling today after witnessing a sharp surge in last few sessions. Markets are eying a rebound in electricity consumption in India amid the fuel squeeze due to the ongoing US-Iran war. There are expectations of intense summer conditions and weaker monsoon patterns, which may lead to higher power demand. Domestic Power consumption edged up around 2% on year to 132.99 billion units in February and should gain further this month amid intense heatwaves in a number of states. The MCX ELECDMBL futures for March 2026 are currently trading at Rs 4500 per MWH, down 4.20% on the day. The counter had zoomed up from around Rs 4000 per MWH at the start of this month to around Rs 5100 per MWH last week.

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