Trends in daily price of electricity transacted through UI, both . in the New Grid and SR Grid, are shown in Figure.
It can be observed from the above figure that there was divergence in the price of UI in the NEW Grid and SR Grid in the month of April, August and October 2012 and in February and March 2013 (with prices in SR Grid registering higher levels than price in the NEW Grid), while there was convergence in the price of UI in the rest of the months. The divergence was due to higher demand in the two Southern states of Tamil Nadu and Kerala. It can also be observed from the above figure that the UI price in the NEW Grid was high for a few days in June and July 2012, when compared with the UI price in SR Grid.