In a LinkedIn post on on Friday, IEX said: “Cooler weather, record solar generation (~57.5 GW), and inflexible thermal supply are leading to ample sell-side availability on the Exchange. Today, up to 5:00 PM, the average price recorded stood at ₹1.22/kWh, with near-zero prices observed across multiple time blocks. This presents an excellent opportunity for distribution companies and open access consumers to optimize their power procurement costs.”
Power prices hit zero for first time on 1 May as demand dips but supply climbs
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