Key Points
Higher-than-normal temperatures, a patchy and deficient monsoon, and increased industrial activity led power demand to surge 16% year-on-year in the three months to October...
Demand is usually lower in these months than in the preceding summer months, but the deviation surprised the sector..
August saw a 16.3% year-on-year increase in electricity consumption, while September recorded a 10.3% increase.. Peak demand in October was 221.6 GW, up 18.5% from 187 GW a year ago...
"Fitch Ratings expects India's power demand to increase by about 7% in FY24, following a 7.1% rise in the first half of the year, driven by robust industrial activity," it said earlier this month...
Though there is no data to segregate demand based on appliance usage, some state distribution companies pointed to the increase in the use of air conditioners, led by temperature and humidity...
