India’s power consumption up by 17% to 59.36 billion units

India’s power consumption grew by nearly 17 per cent in the first fortnight of July to 59.36 billion units (BU) and returned to pre-pandemic level mainly due to easing of lockdown curbs and delayed monsoon, according to power ministry data. Power consumption during July 1-14 last year was 50.79 BU.

Power consumption was recorded at 52.89 BU in the first fortnight of July in 2019. Thus, consumption of power has not only grown year-on-year but also returned to pre-pandemic level. In July 2020, power consumption recovered to 112.14 BU, but remained lower than 116.48 BU in the same month of 2019 (pre-pandemic level).

Experts say recovery in power demand and consumption in the first fortnight of July is mainly due to delayed monsoon and surge in economic activities amid easing of lockdown restrictions by states. They said power demand as well as consumption returned to pre-COVID levels in the first fortnight of July and recovery would be robust in coming days.

The commercial and industrial power demand and consumption got affected April onwards this year due to lockdown restrictions imposed by states. Experts said that amid decline in the number of daily COVID-19 positive cases across the country and easing of lockdown restriction by the states, the commercial and industrial demand of power would definitely rise from July onwards.

Peak power demand met or the highest supply in a day touched an all-time high of 200.57 GW in the first fortnight of July. Daily power consumption also touched an all-time high of 4,508 million units on July 7, 2021. In the first fortnight of July, peak power demand met recorded growth of nearly 18 per cent compared to 170.40 GW (recorded on July 2). Peak power demand met for the entire month of July 2020 was also 170.40 GW.

Ratings agency ICRA said that the demand for electricity in India is expected to grow at 6 per cent in 2021-22 as compared to the previous fiscal year. It has also estimated power generation capacity addition at 17- 18 GW for the ongoing fiscal year.

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