Tag: Indian Power Shortage
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India: Spot electricity prices at Indian Energy Exchange soar to INR 9.9/unit in April
State governments across the country are struggling to cater to the rising power demand on the early onset of summer season, thus, leaving buyers to purchase costlier electricity at the exchanges. Average electricity prices at Indian Energy Exchange’s (IEX) day-ahead-market increased 21% to INR 9.92/unit in April 2022 against INR 8.23/unit in March 2022 as…