- Sep 3, 2020 2:55 pm GMT
The power market has remained largely unsophisticated,driven by pure volumes in the absence of ancillary services. The renewables have acquired sizable presence to disrupt the markets. The thermal power plants have not developed the capabilities as yet for flexible operation.
The power companies are thus looking at
a)decreasing revenues with cheaper options of renewables to customers
b) increasing costs to support flexible operations and ageing assets
c) absence of long term lending for capital expenditure
d) high cost of short term and working capital financing needs
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