India's power consumption up 7.5% in 1st 10 months of FY24

20 Feb '24

1 min read

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Insights

India's power consumption rose by 7.5 per cent YoY to 1,354.97 billion units (BU) in the first ten months of FY24, signalling an upward trend in economic activities.
Experts predict a steady power consumption growth.
Power consumption in January this year rose by 5.4 per cent YoY to 133.18 BU.
The peak power demand met rose to 222.32 GW in January.

Power consumption in India rose by 7.5 per cent year on year (YoY) to 1354.97 billion units (BU) in the April-January period this fiscal (FY24), signaling an upward trend in economic activities.

It was 1505.91 BU in fiscal 2022-23, according to government statistics.

A steady power consumption growth due to improvement in economic activities and cold wave conditions in February is being predicted by experts, a news agency reported.

They said power consumption grew in August, September and October, mainly due to humid weather conditions, and a pick-up in industrial activities ahead of the festive season.

The country will have a steady growth in power consumption as well as demand during this fiscal, they feel.

Power consumption in January this year rose by 5.4 per cent YoY to 133.18 BU, the data showed.

The peak power demand met—the highest supply in a day—rose to 222.32 GW in January. The peak power supply stood at 210.72 GW in January 2023 and 192.18 GW in January 2022.

The demand did not reach the projected level in April-July due to unseasonal rains.

ALCHEMPro News Desk (DS)

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