Archive · 8 Jun 2025
Falling Solar Prices Highlight Need for Energy Storage in India
Solar power prices dropped significantly in India during May.
Sometimes, the price of solar energy was even zero!
This happened because of a lot of sun and rain, which meant less demand for regular electricity.
Experts say this is a good time to start using ways to store solar energy, like big batteries.
This would help keep the power grid stable and make the best use of the sun's energy.
Also, some people are trying to get you to use electricity at times when it’s cheap.
Solar power prices briefly hit zero on the real-time market in May 2025.
Renewable energy prices were subdued due to increased hydro, wind, and thermal generation.
RTM market clearing price averaged ₹3.43 per unit in May 2025, a 28% decline YoY.
Experts advocate for energy storage to stabilize the grid due to falling solar prices.
Time-of-day electricity pricing, such as in Gujarat, is being implemented.
- Who
- Industry experts and IEX.
- What
- Solar power prices fell; storage solutions advocated.
- When
- May 2025
- Where
- India.
- Why
- Increased renewable energy supply and unseasonal weather.
- Average RTM Price May 2025
- ₹3.43 per unit
- RTM Volume May 2025
- 4,770 million kWhr
- RTM Price Decline YoY
- 28%
- RTM Volume Increase YoY
- 42%
- Power Traded on Exchanges
- 7%
- Demand Shift Potential
- 24 GW