The day-ahead market of the Indian Energy Exchange's average spot power tariffs held steady at Rs. 5.9 per unit in FY2023, with forecasts for a little decrease in FY2024 due to improved coal availability and a slowing in demand growth. Nevertheless, costs are anticipated to be much higher than the long-term average of Rs. 3.0-3.5 per unit, at roughly Rs. 4.5. The acceptable condition of coal reserves at domestic power plants is also highlighted in the Icra research.