According to Mercom Capital Group’s latest report, India Solar Quarterly Market Update, the power deficit numbers in India do not paint the full picture. Though low power deficit and even a surplus situation is touted by a Central Electricity Authority (CEA) report, large populations in India are still without electricity and power cuts are still part of daily life in urban areas and more so in rural areas. The reduction in the power deficit we are seeing is largely due to a combination of a drop in power demand in the commercial and industrial sector, and the financial health of DISCOMs. Falling demand has led to record low prices on the power exchanges.