India’s consumption of power grows marginally in February 2021

India’s power consumption grew by 0.88 per cent in February 2021, touching 104.73 billion units (BU) due to a slight rise in temperature in the month. Power consumption in February 2020 was 103.81 BU, according to the power ministry data.

However, the peak power demand met, which is the highest supply in a day, recorded a growth of 6.7 per cent at 188.15 GW in February 2021 compared to 176.38 GW in February 2020.

After a gap of six months, power consumption recorded a 4.5 per cent year-on-year growth in September and 11.6 per cent in October. In November 2020, the power consumption growth had slowed down to 3.12 per cent, mainly due to the early onset of winters. In December, power consumption grew by 4.5 per cent while it was 4.8 per cent in January 2021.

Indication of early onset of summer this year with slightly hotter weather in February than normal in the month led to meagre growth in power consumption. With complete easing of lockdown in all parts of the country and with onset of severe summer this year, as the weather bureau has indicated, the power consumption is estimated to record a robust growth in coming months.

However, the peak power demand met is growing steadily. It has grown at nearly 11 per cent in January. The rising peak power demand met indicates revival in economic activities, leading to higher commercial and industrial demand, which was affected due to the pandemic. The government had imposed a nationwide lockdown on March 25, 2020, to contain the spread of COVID-19.

Power demand started declining from April as economic activities were disrupted due to the pandemic. It affected power demand for five months in a row from April to August 2020.

The demand recovered from September onwards. Peak power demand met grew at 1.7 per cent in September, 3.4 per cent in October, 3.5 per cent in November and 7.2 per cent in December last year.

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