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India’s power consumption grows 8.5% to 119.64 billion units in November – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services

India’s power consumption grows 8.5% to 119.64 billion units in November

India’s power consumption grows 8.5% to 119.64 billion units in November

The country’s power consumption grew almost 8.5% to 119.64 billion units (BU) in November, showing a surge in electricity demand due to festivities and increased economic activities.

In the year-ago period, power consumption stood at 110.25 BU, higher than 99.32 billion units recorded in November 2021, according to government data.

The peak power demand met — the highest supply in a day — rose to 204.60 GW in November. The peak power supply stood at 187.34 GW in November 2022 and 166.10 GW in November 2021.

The Power Ministry had estimated the country’s electricity demand to touch 229 GW during summer. The demand did not reach the projected level in April-July due to unseasonal rain.

The peak supply, however, touched a new high of 224.1 GW in June before dropping to 209.03 GW in July. Peak demand touched 238.19 GW in August. In September this year, it was 240.17 GW. The peak demand was 222.16 GW in October 2023.

Industry experts said power consumption was affected in March, April, May, and June this year due to widespread rainfall.

They said power consumption grew in August, September, and October, mainly due to humid weather conditions and an uptick in industrial activities ahead of the festive season, with Dhanteras, Diwali, Bhaiya Dooj and Dev Deepavali festivals, all falling in November.

Experts are expecting steady growth in power consumption in the coming months due to improvements in economic activities.

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