Power prices hit zero for first time on 1 May as demand dips but supply climbs

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.”