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India’s Renewables Boom Set to Lift Power Exchange Spot Trading

  • Share of spot market may more than quadruple in two years
  • India’s power reforms set to boost transactions on exchanges

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 favor of cheaper renewable energy, said Rohit Bajaj, head of business development at Indian Energy Exchange Ltd. More than a quarter of the nation’s electricity could be purchased through spot deals within a couple years, quadruple the current level.