Indian Economy News

India's power consumption rises 11% to 144.25 billion units in April

In April 2024, India's power consumption soared by around 11% to 144.25 billion units (BU) compared to the previous year, attributed to rising temperatures. Peak power demand also increased to 224.18 gigawatts (GW), with an estimated peak demand of 260 GW during summer. Experts attribute this growth to temperature rise and increased industrial activities, foreseeing continued robust growth in demand.

Despite projections, electricity demand did not reach expected levels in April-July 2023 due to unseasonal rainfall. However, peak supply reached a new high in June. However, power consumption rebounded from August to October, driven by humid weather and industrial activity ahead of the festive season, following lower consumption in the preceding months due to widespread rainfall.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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