Whereas such situations are nonetheless unusual, the frequency of extraordinarily low costs has elevated in current months. Even when costs haven’t fallen to zero, they’ve dropped under ₹1 per unit on a number of events, largely in the course of the peak photo voltaic hours. Though such situations are uncommon and new to India, related tendencies have been witnessed in a number of different international locations the place the short-term market is deeper and a higher share of the nationwide energy commerce takes place via the exchanges.
