India Solar Group Seeks Higher Power Price Cap Amid Heat

The National Solar Energy Federation of India has asked the power regulator to increase the 10 rupee price cap on electricity exchanges. The group argues the current limit discourages investment in energy storage while peak demand reaches a record 260.45 gigawatts.

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The National Solar Energy Federation of India petitioned regulators to raise the 10-rupee price cap on electricity exchanges as demand hits record levels. Peak power consumption reached 260.45 gigawatts on Tuesday, surpassing the previous record set one day earlier. The industry group says the current ceiling prevents energy storage firms from operating profitably.

Heat Waves Drive Record Power Consumption

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