While such instances are still uncommon, the frequency of extremely low prices has increased in recent months.
Even when prices have not fallen to zero, they have dropped below ₹1 per unit on multiple occasions, largely during the peak solar hours.
Although such instances are rare and new to India, similar trends have been witnessed in several other countries where the short-term market is deeper and a greater share of the national power trade takes place through the exchanges.
While such instances are still uncommon, the frequency of extremely low prices has increased in recent months. Even when prices have not fallen to zero, they have dropped below ₹1 per unit on multiple occasions, largely during the peak solar hours. Although such instances are rare and new to India, similar trends have been witnessed in several other countries where the short-term market is deeper and a greater share of the national power trade takes place through the exchanges.
