News Summary

• Prices at the Indian Energy Exchange have been rising to a maximum regulatory limit of 10 rupees ($0.11) per kilowatthour after sunset.
• The swing captures the plight of a grid flush with supplies during the day but starved at night.
• The rapid growth in India’s solar generation, along with the recent revival of coal power, has significantly reduced day-time shortfalls.
• Still, insufficient energy storage and the slow development of baseload sources mean that high-demand summer nights remain a pressure point.