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India’s major power users will soon be able to access higher-priced electricity rather than being forced to scale down operations if another sweltering summer leads to a repeat of last year’s shortages.
Indian Energy Exchange Ltd will offer a new type of electricity with a price cap of 50 rupees ($0.61) a kilowatt-hour for power generated from batteries, gas and imported coal from next week, according to Rohit Bajaj, the head of business development at the nation’s largest electricity platform. That’s more than quadruple the limit on other types of power.
Unusually high temperatures for this time of year are
