Changing times: Power lines stretching from a coal fired thermal plant at Singrauli in India’s Madhya Pradesh state. Coal dominates power generation in the country. — AFP
NEW DELHI: A surge in renewable energy in India is set to massively increase spot power trading, according to the country’s largest electricity bourse.
Buyers will increasingly turn away from traditional long-term contracts in favour of cheaper renewable energy, said Rohit Bajaj, head of business development at Indian Energy Exchange Ltd (IEX).
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