New Delhi, May 26 -- Power prices in the Real-Time Market (RTM) on the Indian Energy Exchange (IEX) hit record lows on Sunday, driven by a combination of unseasonal rains, thunderstorms that reduced demand, and a surge in electricity supply. On Sunday, RTM prices hovered around zero following overnight showers and thunderstorms in and around the Delhi-NCR region. On Thursday, price for a single RTM block dropped to an all-time low of 2 paise per unit before recovering. Year-on-year, average RTM power prices fell 22% to Rs.3.69 per unit due to lower electricity consumption. "Unseasonal rains and thunderstorms in May kept temperatures low, resulting in a 2% year-on-year decline in electricity consumption during 1-21 May," said Rohit Bajaj, jo...