New Delhi, Sep 10
Peak power demand in India is estimated to have declined to 217 GW in the month of August compared with 238 GW a year earlier which was the second-highest level recorded in fiscal 2024, a report showed on Tuesday.
Electricity demand in the country declined 5.3 per cent (year-on-year) to 144 billion units (BUs) in August even as the country received 7 per cent excess rainfall during the month, according to a Crisil report.
This follows a 6.7 per cent on-year rise in electricity demand in July. Consequently, demand grew 7 per cent in the April-August period, the report mentioned.
The decline in regional power demand closely follows the rainfall pattern and state-specific consumer preferences.
Power generation is estimated to have declined 3 per cent to 155 BUs in August 2024. Coal and renewable energy production contracted 3 per cent and 13 per cent, respectively, during the month, the report showed.
In contrast, hydropower generation surged 7.6 per cent after two consecutive months of decline as many states received ample rainfall.
“Demand moderated across India, with the western and northern regions experiencing on-year declines of 10 per cent and 6 per cent, respectively.