Tag: heatwave
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Heatwave, demand surge, coal crunch push India’s power grid to extreme stress
Peak demand rises 9% y-o-y to record high for Apr month IEX spot prices soar as buyers outnumber sellers 5:1 India’s power system is facing acute stress in April as demand surges to record levels amid an intensifying heatwave. Combined with a shift in peak load to late evening hours, when renewables supply is not…