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Credit rating agency India Ratings and Research (Ind-Ra) in its latest report has showed that the all-India energy demand increased just 1.7% yoy to 99.6 billion units (BU) in November 2021, due to the onset of the winter season, impacting the demand from the northern region (up 2% yoy) and southern region (down 5% yoy).

According to the report, the reduction in the energy demand in November 2021 is also attributable to lower generation, as reflected in an increase in the power outages at thermal power plants due to coal shortages. Additionally, the all-India energy demand for the first 25 days of December improved 3.5% yoy to 88.7BU.

The report further noted that the total all-India generation increased marginally by 2% to 99.4BU in November 2021. The overall increase in generation was however supported by a 16.4% yoy increase in the generation from renewable sources and a 16% yoy rise in generation from hydro power sources, whereas the generation from coal-based thermal power plants reduced by 0.3% yoy.