Spot price spike unlikely to have any impact on solar power


Spot prices for power on the energy exchange in India touched an all-time high of INR 17.61/ kWh (USD cents 24) last week. Average daily price on October 1, 2018 shot up to INR 7.64 (USD cents 11), about 150% higher than average for last year. Trading volumes have also simultaneously shot up by about 18% over last year. The price spike owes largely to short-term supply and demand side issues; States are reluctant to buy solar power…


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