Indian Economy News

Power demand grows at 7.4 per cent year over year in June

  • IBEF
  • July 19, 2019

This raised capacity use of thermal power plants to 62.2 per cent for the month (June 2018: 59.4 per cent), following improvement in private and state areas' capacity usage by 660bp and 380bp.

Rising capacity use was driven by expanded summer season with increased interest and enough coal supply. capacity usage of central sector generators, in any case, further declined to 66.9 per cent in June 2019 (May 2019: 68.5 per cent, April 2019: 74.6 per cent).

Momentary power costs at Indian Energy Exchange (IEX) stayed stable at Rs 3.32 per unit in June (May 2019: Rs 3.34 per unit) yet declined 11.1 per cent year over year because of lower demand in the short-term market.

Complete power trade at IEX fell 15 per cent year over year to 4,211 million units in June 2019. Fall in the short-term demand was by virtue of improved supply from long term contracts as the generation improved year over year over all sectors including thermal (8.7 per cent), hydro (7.9 per cent) and renewables (4.7 per cent).

The thermal power generation sector, which remains the most highest contributor to the overall general basket (83 per cent), saw an improvement in total generation to 112.8 billion units because of higher year over year accessibility of both domestic and imported coal.

Coal imports expanded 28 per cent year over year to 5.7 million tons in June 2019 and expanded 41 per cent to 18.4 million tons in 1QFY20.

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

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