In rare cases, large power project developer trades the surplus capacities at the power exchanges, because their capacities are tied up in power purchase agreements with government. Year 2023 has been a year full of unusual seasonal changes with untimely monsoons, flooding in some parts of the country and rainfall deficit in others. Hydropower generations has a key role in providing the base load capacity and projects with pondage / storage also help manage peak demand, thereby helping stabilize the electricity prices for consumers at the exchanges.
This story is from the December 2023 edition of Indian Economy & Market.
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This story is from the December 2023 edition of Indian Economy & Market.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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