Power Markets
India eliminates central renewable energy pricing pool to accelerate power deals
According to a memo viewed by, India has scrapped its central pricing system for projects involving renewable energy after developers complained that it slowed down power deals. In a memo dated 1 August, the Ministry of Power announced that it would dissolve the central pools for solar power and solar-wind hybrid, which were set up in 2024 with the aim of standardising tariffs over a period of three years. The pools were part a mechanism called the uniform renewable energy tariff, or URET. It was designed to protect buyers from price fluctuations. The memo stated that developers and government agencies...