Electricity futures extend recovery as demand trends turn supportive

Domestic electricity futures stayed supported in volatile trades. MCX Electricity Futures had eased earlier this month as India's peak power consumption started to ease as the southwest monsoon advanced across multiple states, bringing cooler temperatures and reducing the demand for air conditioning that had driven electricity usage to record highs. The MCX ELECDMBL futures for June 2026 fell from around Rs 4700 per MWH at the start of this month to a six-week low near Rs 4400 per MWH this week. Good support emerged for the counter here as rains still eluded a larger part of the country. India Meteorological Department has noted that all India Seasonal cumulative rainfall % departure during this year?s Monsoon Season Rainfall (01.06.2026 to 17.06.2026) is -38%. This is pushing up the electricity futures and the counter is currently up 0.58% at Rs 4712 per MWH. The counter had hit near five-week high in last session.

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